Spain Harmonised Inflation Rate MoM Final

Info

History

Chart

Impact:

Low

Source: National Statistics Institute (INE)

Next Release:

Date:

Forecast: 0.6%

Period: Jun

What Does It Measure?

The Harmonised Inflation Rate measures the rate of inflation in Spain, assessing the change in consumer prices over a specified period. It focuses on the average price changes across a basket of goods and services, with key indicators including the Consumer Price Index (CPI) and specific categories such as food, energy, and housing.

Frequency

This report is released monthly, with the final figures typically published on the 15th of the following month after the month in which the data was collected.

Why Do Traders Care?

Traders closely monitor the Harmonised Inflation Rate as it provides insights into inflationary pressures, which can influence monetary policy decisions. A higher-than-expected inflation rate may lead to increased interest rates, affecting currency values like the euro (EUR) and impact stock prices through altered consumer spending expectations.

What Is It Derived From?

The Harmonised Inflation Rate is derived from a comprehensive calculation of price changes collected from various retail outlets, services, and online platforms across Spain. It uses a standardized methodology that aligns with the Eurostat guidelines, gathering data from a range of consumer transactions and ensuring that the basket of goods is representative of typical spending.

Description

The data is characterized by its preliminary and final report versions, where the preliminary report provides early estimates based on sample data and is subject to revision, while the final report offers a more accurate reflection of the inflation rate. The Month-over-Month (MoM) reporting method is used to highlight short-term inflation trends, useful for detecting rapid shifts in consumer prices compared to the previous month.

Additional Notes

The Harmonised Inflation Rate is often used as a leading indicator for broader economic trends within the Eurozone, providing insight into consumer sentiment and purchasing power. It also relates directly to other economic measures, such as unemployment rates and GDP growth, underscoring its significance in evaluating overall economic health.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise