FOREX TradingCharts.com

Financial News: Spain Inflation Accelerates Sharply To Highest Level Since

Spain Inflation Accelerates Sharply To Highest Level Since 1992

10/28/2021 - 03:26:00 (RTTNews)

(RTTNews) - Spain's consumer price inflation accelerated strongly in October to its highest level in nearly three decades, mainly driven by higher energy prices, preliminary estimates from the statistical office INE showed Thursday. The consumer price index rose 5.5 percent year-on-year following a 4.0 percent increase in September. Economists had forecast 4.5 percent inflation. The latest rate was the highest since September 1992, INE said. Automotive fuel prices also influenced inflation to a lesser extent than energy prices, INE said. Core inflation, which excludes prices of fresh food and energy products, climbed to 1.4 percent from 1.0 percent in the previous month. The 4.1 points difference between the headline inflation and the core measure was the highest since the beginning of the series in August 1986, INE said.

Headline inflation has risen steadily since March and the core figure climbed every month since May. Compared to the previous month, the CPI rose 2.0 percent in October after a 0.8 percent climb in September. Economists had forecast a 1.2 percent increase. The monthly increase was the third in a row.

The harmonized index of consumer prices, or HICP, climbed 5.5 percent annually after a 4.0 percent rise in September. Economists had forecast 4.8 percent inflation. On a month-on-month basis, the EU measure of inflation rose 1.7 percent in October following a 1.1 percent climb in the previous month. Economists had expected a 0.9 percent increase.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


France Consumer Confidence Stable In November (08 hr(s), 02 min(s), 59 sec(s) ago)
(RTTNews) - France's consumer confidence remained unchanged in November, preliminary data from ...Full Story»

Austria Manufacturing Growth Slows In November (08 hr(s), 22 min(s), 59 sec(s) ago)
(RTTNews) - Austria's manufacturing sector growth weakened for the fourth time in five months ...Full Story»

Italy Consumer Confidence Weakens In November (08 hr(s), 57 min(s), 59 sec(s) ago)
(RTTNews) - Italy's consumer confidence weakened in November, survey results from the statisti ...Full Story»

Swiss GDP Grows More Than Expected (09 hr(s), 28 min(s), 59 sec(s) ago)
(RTTNews) - Switzerland's economic growth slowed slightly in the third quarter, but the expans ...Full Story»

Sweden Retail Sales Increase In October (09 hr(s), 43 min(s), 59 sec(s) ago)
(RTTNews) - Sweden's retail sales increased in October, figures from Statistics Sweden showed ...Full Story»

Sweden Economic Confidence Weakens In November (09 hr(s), 55 min(s), 59 sec(s) ago)
(RTTNews) - Sweden's economic confidence weakened in November, data from the National Institut ...Full Story»

Lithuania Retail Sales Growth Eases In October (10 hr(s), 55 min(s), 59 sec(s) ago)
(RTTNews) - Lithuania's retail sales increased at a softer pace in October, figures from the s ...Full Story»

Germany Import Price Inflation Strongest Since 1980 (11 hr(s), 14 min(s), 59 sec(s) ago)
(RTTNews) - Germany's import price inflation accelerated to the highest since early 1980 due t ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

France Consumer Confidence Stable In November

11/26/2021 - 07:02 AM (RTTNews)
(RTTNews) - France's consumer confidence remained unchanged in November, preliminary data from ...Full Story>>

Austria Manufacturing Growth Slows In November

11/26/2021 - 06:42 AM (RTTNews)
(RTTNews) - Austria's manufacturing sector growth weakened for the fourth time in five months ...Full Story>>

Italy Consumer Confidence Weakens In November

11/26/2021 - 06:07 AM (RTTNews)
(RTTNews) - Italy's consumer confidence weakened in November, survey results from the statisti ...Full Story>>

Swiss GDP Grows More Than Expected

11/26/2021 - 05:36 AM (RTTNews)
(RTTNews) - Switzerland's economic growth slowed slightly in the third quarter, but the expans ...Full Story>>

Sweden Retail Sales Increase In October

11/26/2021 - 05:21 AM (RTTNews)
(RTTNews) - Sweden's retail sales increased in October, figures from Statistics Sweden showed ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.