Spain's Inflation Eases in April

The annual inflation rate in Spain showed a slight decrease to 2.2% in April, down from 2.3% in March, according to the preliminary report released by the National Statistics Institute (INE) on Tuesday. This figure was slightly higher than what many had anticipated.

Monthly and Core Inflation Trends

On a month-on-month basis, inflation saw an increase of 0.6%. Meanwhile, the core inflation rate, which excludes volatile food and energy prices, grew by 2.4% both yearly and monthly, indicating underlying price pressures remain steady.

Harmonized Index of Consumer Prices

The Harmonized Index of Consumer Prices (HICP) for Spain remained stable at 2.2% compared to the same month last year and experienced a 0.6% rise over the previous month, aligning with the broader inflation trends observed.