Spain's Inflation Sees a Notable Decrease

According to the preliminary reading by Spain's National Statistics Institute (INE) on Friday, the annual inflation rate in Spain decreased to 2.3% in March, down from 3% in April. This marks a significant shift in the country's economic landscape.

Monthly and Core Consumer Prices Analysis

Consumer prices experienced a slight increase of 0.1% month over month. Meanwhile, core consumer prices showed an annual growth rate of 2%, with a monthly increase of 0.4% during the reported period.

Harmonized Index of Consumer Prices (HICP) Insights

The HICP in March saw a monthly rise of 0.7% and an annual increase of 2.2%, indicating a steady but slower pace of inflation compared to previous months.