Spain December preliminary CPI +2.9% vs +2.8% y/y expected

Prior +3.0%HICP +3.0% vs +3.0% y/y expectedPrior +3.2%Spanish headline inflation comes in slightly below the readings in November but more or less within estimates at least. The most important metric though is core annual inflation and that is still seen at 2.6%, similar to the previous month. As such, that continues to reflect stickier price pressures in the Spanish economy in general. But at least overall economic activity is among the better performers in the euro area, unlike *coughs* Germany *coughs*.
This article was written by Justin Low at investinglive.com.

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