Spanish CPI stands at 0.0% in December

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Wednesday, Dec 30 2015

According to the flash estimate of the CPI, consumer prices registers a -0.3% variation in December, as compared to the month of November. According to the flash estimate published by the INE, the annual inflation of the CPI in December 2015 is 0.0%. Analysts were predicting increase to 0.1%. This indicator provides a preview of the CPI that, if confirmed, would imply an increase of three tenths in its annual rate, given that in November this change was ‒0.3%.

In this behaviour it is worth noting that fuels (gas and diesel oil) prices decrease less than in 2014. In turn, the annual change of the HICP flash estimate in December stands at ‒0.1%. If confirmed, the annual change of the HICP would have increased three tenths as compared to the previous month.

Euro is currently being traded around 1.0920 area. Pair is likely to find support around 1.09 handle and resistance above 1.0950 level. There will be no data releases in the rest of the session. Later today, in the US session, Pending Home Sales figures are scheduled for a release.

More in this category: « UK house prices increased by 0.8% M3 Money Supply decreased to 5.1% in November »

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