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

• 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.

This article was written by Justin Low at www.forexlive.com.