Spain | CPI flash estimate points at lower energy downward pressure in June
Published on Wednesday, June 29, 2016
Spain | CPI flash estimate points at lower energy downward pressure in June
Summary
CPI flash estimate signals that general consumer prices fell by -0,8% YoY in June, 0,2pp less than what was expected and to the fall in May. Our estimations suggest that energy is the only component that has a negative contribution on inflation, while growth in core prices should have remained stable at around 0,7% YoY.
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- Spain
Topics
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- Macroeconomic Analysis
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Authors
Agustín García
BBVA Research - Principal Economist
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