Spain 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 Spain Inflation Rate MoM Final measures the monthly change in the general price level of goods and services consumed by households, indicating the inflation dynamics within the Spanish economy. It focuses primarily on consumer prices, assessing components such as food, energy, and services, with key indicators including a monthly percentage change; a result above 0 indicates inflation, while below 0 indicates deflation, and is a national indicator.

Frequency

This report is released monthly, providing final data based on complete and verified calculations, typically published around the end of the following month.

Why Do Traders Care?

Traders keenly observe the Inflation Rate as it is a crucial determinant of monetary policy and can significantly influence financial markets. A higher-than-expected inflation rate often strengthens the Euro against other currencies and may boost stock markets, while lower readings can have the opposite effect, impacting economic forecasts and decision-making.

What Is It Derived From?

The Inflation Rate is derived from a comprehensive consumer price index (CPI), which reflects the price changes of a basket of goods and services over time. It often involves surveys of households regarding spending habits and price changes, with data collected from various regions across Spain to ensure representativeness.

Description

The preliminary inflation report presents an initial estimate based on early data, while the final report offers a more accurate reflection of consumer price changes but is released later. Traders typically react more to the preliminary results due to their immediate implications for monetary policy and economic outlook, while final data can lead to revisions in investor sentiment.

Additional Notes

As a coincident economic measure, the Inflation Rate serves as an important indicator of economic health, influencing consumer spending and economic growth. It can also correlate with regional trends in the Eurozone, thereby impacting broader economic discussions and comparisons across similar reports globally.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks.

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