Spain April final CPI +8.4% vs +8.4% y/y prelim

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  • HICP +8.3% vs +8.3% y/y prelim

No change to the initial release as it reaffirms that Spanish annual inflation is seen easing slightly last month. That said, core inflation is seen rising up to +4.4% y/y as compared to +3.4% y/y in March. That continues to suggest that price pressures are not exactly cooling off significantly in areas that matter.