Spain November preliminary CPI +2.4% vs +2.4% y/y expected

  • Latest data released by INE - 28 November 2024
  • Prior +1.8%
  • HICP +2.4% vs +2.4% y/y expected
  • Prior +1.8%

Core annual inflation was seen at 2.4%, marginally lower than the 2.5% reading in October. So, that's a welcome development and offsets the rise in headline prices which largely has to do with base effects.

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