Spain's Inflation Rate Shows Minimal Decline in April

The annual inflation rate in Spain slightly decreased to 2.2% in April from 2.3% in March, as reported by the National Statistics Institute (INE). This figure was slightly higher than initial expectations, indicating a nuanced economic landscape.

Month-on-Month and Core Inflation Insights

On a month-on-month basis, inflation saw a 0.6% increase. The core inflation rate, which excludes volatile food and energy prices, remained stable at 2.4% both yearly and monthly.

Harmonized Index of Consumer Prices (HICP) Stability

The HICP remained unchanged at 2.2% compared to the previous year, with a monthly rise of 0.6%, reflecting a consistent but cautious economic outlook.

More updates to follow as the situation develops.