Financial News: Spain Inflation Rises To 3.3%, Less Than Forecast

Spain Inflation Rises To 3.3%, Less Than Forecast

04/29/2024 - 04:26:00 (RTTNews)

(RTTNews) - Spain's consumer price inflation rose less than expected in April to the highest level in three months, the flash estimate from the statistical office INE revealed on Monday.

Consumer price inflation increased slightly to 3.3 percent from 3.2 percent in the previous month. Economists had expected inflation to rise to 3.4 percent.

The upward trend in inflation was mainly due to rising gas and food prices, the agency said.

The EU harmonised inflation, which also increased to 3.4 percent in April from 3.3 percent a month ago.

Meanwhile, underlying consumer price inflation softened further to 2.9 percent from 3.3 percent.

On a monthly basis, the consumer price index moved up 0.7 percent in April versus a 0.8 percent gain in March. The HICP showed an increase of 0.6 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Wage Price Data Due On Wednesday (14 min(s), 43 sec(s) ago)
(RTTNews) - Australia will on Wednesday release Q1 figures for its wage price index, highlighting ...Full Story»

Powell Says Fed Needs To Be Patient As Confidence Inflation Is Slowing Dips (59 min(s), 43 sec(s) ago)
(RTTNews) - With inflation coming in hotter-than-expected during the first quarter, Federal Reserv ...Full Story»

U.S. Producer Price Growth Exceeds Estimates In April (43 min(s), 43 sec(s) ago)
(RTTNews) - Producer prices in the U.S. increased by more than expected in the month of April, acc ...Full Story»

U.S. Producer Prices Climb More Than Expected In April (52 min(s), 43 sec(s) ago)
(RTTNews) - Producer prices in the U.S. increased by more than expected in the month of April, acc ...Full Story»

German ZEW Investor Confidence Improves More Than Expected (06 min(s), 43 sec(s) ago)
(RTTNews) - Investor sentiment in Germany grew for a tenth month and at a faster than expected pac ...Full Story»

South Africa Jobless Rate Rises In Q1 (57 min(s), 43 sec(s) ago)
(RTTNews) - South Africa's jobless rate increased in the first quarter, data from Statistics S ...Full Story»

Spain Inflation Unrevised At 3.3% (20 min(s), 43 sec(s) ago)
(RTTNews) - Spain's consumer price inflation increased slightly, as initially estimated in Apr ...Full Story»

India Wholesale Price Inflation Rises To 1.26%, Highest In 13 Months (53 min(s), 43 sec(s) ago)
(RTTNews) - India's wholesale price inflation rose more-than-expected in April to the highest ...Full Story»