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Spain EUR

Spain Core Inflation Rate YoY Prel

Impact:
Low

Latest Release:

Date:
Surprise:
-0.3%
Actual:
2.1%
Forecast: 2.4%
Previous/Revision:
2.4%
Period: May

Next Release:

Date:
Period: Jun
What Does It Measure?
The Spain Core Inflation Rate YoY (Preliminary) measures the year-over-year change in the prices of goods and services excluding volatile items like energy and food. This indicator focuses on underlying inflation trends, assessing price stability in the economy, and the purchasing power of consumers.
Frequency
This report is released on a monthly basis, providing a preliminary estimate of core inflation for Spain typically during the first week of the following month.
Why Do Traders Care?
Traders monitor core inflation as it influences expectations for future monetary policy, affecting key financial assets such as the Euro (EUR) and Spanish equities. A higher-than-expected core inflation rate may prompt the European Central Bank to consider tightening monetary policy, which can be bullish for the currency and bearish for stocks.
What Is It Derived From?
The core inflation rate is derived from the Consumer Price Index (CPI), calculated by analyzing price changes in a basket of consumer goods and services, excluding the aforementioned volatile categories. The data is constructed using surveys of prices collected from various locations across Spain, ensuring representation of diverse consumption patterns.
Description
The preliminary report offers an early look at core inflation dynamics and is subject to subsequent revisions; thus, markets often react swiftly to its initial findings, which can lead to volatility. The final version of the report, which provides a more accurate reflection of core inflation, is typically released a few weeks later.
Additional Notes
The Spain Core Inflation Rate serves as a coincident economic indicator, reflecting current inflation trends that influence consumer expenditure and overall economic health. It is often analyzed alongside overall inflation measures and employment data to assess the broader economic landscape.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
2.1%
2.4%
2.4%
-0.3%
2.4%
1.9%
2%
0.5%
2%
2.2%
2.2%
-0.2%
2.1%
2.4%
2.4%
-0.3%
2.4%
2.7%
2.6%
-0.3%
2.6%
2.7%
2.4%
-0.1%
2.4%
2.5%
2.5%
-0.1%
2.5%
2.5%
2.4%
2.4%
2.7%
2.7%
-0.3%
2.7%
2.7%
2.8%
2.8%
2.8%
3%
3%
2.6%
3%
0.4%
3%
2.7%
2.9%
0.3%
2.9%
3.3%
3.3%
-0.4%
3.3%
3.2%
3.5%
0.1%
3.4%
3.4%
3.6%
3.6%
3.7%
3.8%
-0.1%
3.8%
4.3%
4.5%
-0.5%
4.5%
4.7%
5.2%
-0.2%
5.2%
5.5%
5.8%
-0.3%
5.8%
5.9%
6.1%
-0.1%
6.1%
6.1%
6.2%
6.2%
5.7%
5.9%
0.5%
5.9%
5.6%
6.1%
0.3%
6.1%
6.3%
6.6%
-0.2%
6.6%
7.2%
7.5%
-0.6%
7.5%
7.2%
7.6%
0.3%