Spain EUR

Spain Harmonised Inflation Rate YoY Prel

Impact:
Low

Latest Release:

Date:
Surprise:
0.2%
Actual:
3.1%
Forecast: 2.9%
Previous/Revision:
3.2%
Period: Nov

Next Release:

Date:
Forecast: 3%
Period: Dec
What Does It Measure?
The Spain Harmonised Inflation Rate Year-over-Year Preliminary measures the annual percentage change in the Harmonised Index of Consumer Prices (HICP), aimed at assessing price stability and inflation trends at the national level. This indicator focuses on measuring inflationary pressures experienced by consumers, accounting for a wide range of goods and services while also allowing for international comparisons.
Frequency
This economic indicator is released monthly, typically within the first week of the month, and it is classified as a preliminary estimate, subject to revision with subsequent releases.
Why Do Traders Care?
Traders closely monitor the Harmonised Inflation Rate as it influences monetary policy decisions by the European Central Bank and can affect the euro's value, bond yields, and overall market sentiment. A higher-than-expected inflation rate is typically bullish for the euro and can lead to stock market volatility, as investors adjust their expectations regarding interest rates and economic stability.
What Is It Derived From?
The Harmonised Inflation Rate is calculated using a representative basket of goods and services, with data collected from various sources including consumer surveys and price monitoring across Eurozone countries. The methodology adheres to Eurostat standards, employing a weighting system that reflects consumer spending patterns to derive an inflation measure that is comparable across member countries.
Description
The preliminary HICP data provides an early insight into inflation trends, offering an estimate that is subject to adjustments based on the final analysis. This preliminary figure is typically based on incomplete data, thus financial markets react swiftly to it, although the final report, released later, offers more accuracy and can adjust market perceptions depending on revisions.
Additional Notes
This inflation measure serves as a key indicator for gauging economic health and often influences economic policy decisions. As a leading indicator of consumer price trends, it relates to broader economic conditions and is closely watched in conjunction with other inflation metrics across Europe, impacting investor outlooks on both national and regional levels.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for Euro, 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
3.1%
2.9%
3.2%
0.2%
3.2%
3%
3%
0.2%
3%
3%
2.7%
2.7%
2.7%
2.7%
2.7%
2.7%
2.3%
2.2%
2%
2%
0.2%
1.9%
2%
2.2%
-0.1%
2.2%
2%
2.2%
0.2%
2.2%
2.5%
2.9%
-0.3%
2.9%
2.8%
2.9%
0.1%
2.9%
2.8%
2.8%
0.1%
2.8%
2.6%
2.4%
0.2%
2.4%
2.4%
1.8%
1.8%
1.8%
1.7%
1.7%
1.9%
2.4%
-0.2%
2.4%
2.5%
2.9%
-0.1%
2.9%
3.3%
3.6%
-0.4%
3.5%
3.4%
3.8%
0.1%
3.8%
3.7%
3.4%
0.1%
3.4%
3.3%
3.3%
0.1%
3.2%
3.3%
2.9%
-0.1%
2.9%
2.9%
3.5%
3.5%
3.1%
3.3%
0.4%
3.3%
3.6%
3.3%
-0.3%
3.2%
3.7%
3.5%
-0.5%
3.5%
3.7%
3.3%
-0.2%
3.2%
3.3%
2.4%
-0.1%
2.4%
2.5%
2.1%
-0.1%
2.1%
1.6%
1.6%
0.5%
1.6%
1.5%
2.9%
0.1%
2.9%
3.4%
3.8%
-0.5%
3.8%
4.1%
3.1%
-0.3%
3.1%
4%
6%
-0.9%
6.1%
5.5%
5.9%
0.6%
5.8%
4.7%
5.5%
1.1%
5.6%
6%
6.7%
-0.4%
6.6%
7.5%
7.3%
-0.9%
7.3%
8.1%
9%
-0.8%
9.3%
10.1%
10.5%
-0.8%
10.3%
10.3%
10.7%
10.8%
10.4%
10%
0.4%
10%
8.7%
8.5%
1.3%
8.5%
8.2%
8.3%
0.3%
8.3%
9%
9.8%
-0.7%
9.8%
8.1%
7.6%
1.7%
7.5%
6.8%
6.2%
0.7%
6.1%
5.5%
6.6%
0.6%
6.7%
5.8%
5.5%
0.9%
5.6%
5.6%
5.4%
5.5%
4.8%
4%
0.7%
4%
3.7%
3.3%
0.3%
3.3%
2.9%
2.9%
0.4%
2.9%
2.9%
2.5%
2.4%
2.4%
2.4%
2.4%
2.4%
2%
1.9%
1.8%
1.2%
0.1%
1.2%
0.9%
-0.1%
0.3%
-0.1%
0.4%
0.4%
-0.5%
0.6%
-0.6%
-0.6%
1.2%
-0.6%
-0.7%
-0.8%
0.1%
-0.9%
-0.8%
-0.9%
-0.1%
-1%
-0.6%
-0.6%
-0.4%
-0.6%
-0.5%
-0.6%
-0.1%
-0.6%
-0.6%
-0.7%
-0.7%
-0.2%
-0.3%
-0.5%
-0.3%
-0.5%
-0.9%
0.2%
-0.9%
-0.9%
-0.7%
-0.6%
-0.8%
0.1%
0.2%
0.2%
0.9%
0.9%
-0.7%
0.9%
0.8%
1.1%
0.1%
1.1%
1%
0.8%
0.1%
0.8%
1%
0.5%
-0.2%
0.5%
0.5%
0.2%
0.2%
0.2%
0.2%
0.2%
0.3%
0.4%
-0.1%
0.4%
0.6%
0.6%
-0.2%
0.7%
0.8%
0.6%
-0.1%
0.6%
0.8%
0.9%
-0.2%
0.9%
1.1%
1.6%
-0.2%
1.6%
1.5%
1.3%
0.1%
1.3%
1.5%
1.1%
-0.2%
1.1%
1%
1%
0.1%
1%
1.1%
1.2%
-0.1%
1.2%
1.6%
1.7%
-0.4%
1.7%
2%
2.3%
-0.3%
2.3%
2.2%
2.3%
0.1%
2.2%
2.3%
2.2%
-0.1%
2.2%
2.3%
2.3%
-0.1%
2.3%
2.4%
2.3%
-0.1%
2.3%
2.3%
2.1%
2.1%
1.1%
1.1%
1%
1.1%
1.2%
1.3%
-0.1%
1.3%
1.2%
1.2%
0.1%
1.2%
0.9%
0.7%
0.3%
0.7%
0.7%
1.2%
1.3%
1.3%
1.8%
1.7%
1.8%
1.7%
-0.1%
1.7%
1.7%
1.8%
1.9%
1.9%
2%
2%
1.8%
1.7%
0.2%
1.7%
1.5%
1.6%
0.2%
1.6%
1.5%
2%
0.1%
2%
2%
2.6%
2.6%
2.3%
2.1%
0.3%
2.1%
2.7%
3%
-0.6%
3%
3.2%
2.9%
-0.2%
3%
2.4%
1.4%
0.6%
1.4%
0.7%
0.5%
0.7%
0.5%
0.5%
0.5%
0.5%
0.2%
0%
0.3%
0.1%
0.2%
-0.3%
-0.1%
-0.3%
-0.3%
-0.7%
-0.6%
-0.8%
-0.9%
0.2%
-0.9%
-1%
-1.1%
0.1%
-1.1%
-1%
-1.2%
-0.1%
-1.2%
-1%
-1%
-0.2%
-1%
-0.9%
-1%
-0.1%
-0.4%
-0.1%
-0.1%
-0.3%
-0.1%
0%
-0.4%
-0.1%
-0.4%
-0.6%
-0.9%
0.2%
-0.9%
-0.9%
-1.1%
-1.2%
-0.6%
-0.5%
-0.6%
-0.5%
-0.2%
0%
-0.3%
-0.1%
0%
0%
-0.1%
0%
-0.3%
-0.3%
0.3%
-0.3%
-0.6%
-0.7%
0.3%
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