September 28, 2023

Spain HICP inflation 3.2% y-o-y in Sep-23

- Spain's HICP inflation reached 3.2% year-on-year in September 2023, representing the highest growth since April 2023.
- The current inflation rate is 1.01 percentage points below the one-year average but exceeds the long-run average by 0.62 percentage points, indicating sustained price growth compared to historical norms.

August 30, 2023

Spain HICP inflation 2.4% y-o-y (consensus 2.5%) in Aug-23

- Spain's HICP inflation rate in August 2023 reached 2.4%, marking the highest growth since May 2023, but slightly short of the 2.5% consensus.
- Despite this increase, the current inflation rate is slightly below the long run average, suggesting a level of stability in price dynamics.

July 28, 2023

Spain HICP inflation 2.1% y-o-y (consensus 1.6%) in Jul-23

- Spain's inflation rate in July 2023 rose to 2.1% year-on-year, marking a significant increase compared to the previous month.
- Although the inflation rate surpassed the average growth observed in the past year, it still falls below the long-run average.

July 28, 2023

Spain GDP growth 0.42% q-o-q (consensus 0.4%) in Q2-23

- Spain's GDP growth in Q2-23 slowed down to 0.42% quarter-on-quarter, as expected, marking the lowest growth rate since Q4-22.
- The recorded growth rate is 0.02 percentage points beneath the one-year average and 0.08 percentage points below the long-run average, suggesting a modest underperformance in the Spanish economy.