Inflation in Spain Well Above ECB Target

Spanish inflation accelerated further above the European Central Bank’s price stability mandate, coinciding with an increase in utility bills.

Consumer prices, calculated using an EU-harmonized method, rose 3 percent in February from a year earlier, according to preliminary data released by the Madrid-based National Statistics Office. Economists surveyed by Bloomberg predicted an increase of 3.1 percent. From January, prices fell 0.3 percent, with electricity costs contributing to the decline.

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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam