Spain January preliminary CPI +2.4% vs +2.3% y/y expected

• Prior +2.9%
• HICP +2.5% vs +2.4% y/y expected
• Prior +3.0%

Headline annual inflation shows some added volatility, with it reflecting a marked drop in January. That said, core annual inflation is what remains the more important statistic and that is seen steady at 2.6%. As such, this continues the narrative from the end of last year in that Germany and Spain are the two notable economies with higher and more stubborn price pressures at the moment in the euro area.

This article was written by Justin Low at investinglive.com.