HUNGARY: Producer Prices Fall at Fastest Annual Pace Since Feb’24
Jan-29 08:04
* Hungary's producer prices fell 3.4% y/y in December versus -2.7% in November - the lowest for th...
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EUROPEAN INFLATION: Spain Dec HICP As Expected; Core Sticky
Dec-30 08:00
- Spain December headline HICP came in in line with expectations, at 3.0% Y/Y, down from 3.2% in November. Core HICP (excluding energy and unprocessed foods) picked up, to 2.8% Y/Y (2.6% November).
- Headline CPI was 2.9% Y/Y, down from 3.0% in November with consensus for a 2.8% reading. The sequential increase of 0.3% M/M was in line with consensus, suggesting only rounding pulled Y/Y headline CPI above consensus. Core CPI remained at 2.6% Y/Y while consensus was expecting a 0.1pp deceleration to 2.5%.
- INE notes that “This trend is primarily due to the drop in fuel and lubricant prices for personal vehicles, compared to the increase in December 2024. It is also, though to a lesser extent, influenced by the rising prices of leisure and cultural activities, which are increasing, but less so than in the same month of the previous year. Meanwhile, food and non-alcoholic beverages are also contributing to the upward trend, with prices rising more than in December of last year.” Ahead of the release, analysts flagged leisure prices to increase sequentially but clean conclusions against their expectations on underlying drivers are tough to draw at this stage.
- Spain accounts for 12% of the Eurozone HICP basket.
MNI: SPAIN DEC FLASH HICP +0.3% M/M, +3.0% Y/Y
Dec-30 08:00
- MNI: SPAIN DEC FLASH HICP +0.3% M/M, +3.0% Y/Y
- SPAIN DEC FLASH CPI +0.3% M/M, +2.9% Y/Y
- SPAIN DEC FLASH CORE CPI +2.6% Y/Y
MNI: SWISS DEC KOF ECONOMIC BAROMETER 103.4 (VS 101.7 NOV)
Dec-30 08:00
- MNI: SWISS DEC KOF ECONOMIC BAROMETER 103.4 (VS 101.7 NOV)
