Spain's 12-month EU-harmonised inflation unchanged at 2.9% in February
March 14 (Reuters) - Spain's European Union-harmonised 12-month inflation rate remained unchanged at 2.9% in February from the period through January, final data released by the National Statistics Institute, or INE, showed on Friday.
The INE's final data of 2.9% confirmed the flash reading of 12-month European Union-harmonised inflation released two weeks ago and the average estimate from analysts polled by Reuters.
Get a look at the day ahead in European and global markets with the Morning Bid Europe newsletter. Sign up here.
Core inflation, which strips out volatile fresh food and energy prices, was 2.2% in the 12 months through February, down from 2.4% in the period through January, but up from the 2.1% flash reading reported two weeks ago, INE said.
Spain's 12-month national consumer prices rose 3.0% in the 12 months through February, up from 2.9% in the period through January.
The final data of 3.0% confirmed both the flash estimate released by INE two weeks ago and the forecasts by analysts polled by Reuters at 3.0%.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
29 minutes ago
- Reuters
Reckitt eyes new options to advance Air Wick unit sale, sources say
LONDON, June 3 (Reuters) - Britain's Reckitt (RKT.L), opens new tab is considering new options to advance a sale of its Essential Home business, home to Air Wick fresheners and Cillit Bang cleaners, after bids came in below expectations, two people with knowledge of the process said. The company still plans to pursue a sale, the people said, who spoke on condition of anonymity because the talks are private. Private equity firm Advent remains in talks for the assets, one of the people and a third person said. Reckitt, which also makes Mucinex cold medication and Durex condoms, said in July it was looking to offload a portfolio of homecare brands by the end of 2025. The proposed sale comes at a challenging time for businesses with factories around the world as they navigate U.S. President Donald Trump's tariffs, which are roiling supply chains, boosting costs and dampening shopper sentiment. Reckitt could keep a stake in the business or structure a sale another way to bridge a gap in valuations, one of the people said, adding that some of the bids came in below its hopes of over 4 billion pounds ($5.4 billion). Reuters could not determine if other bidders remained in the process. Reckitt and Advent declined to comment. Bankers and CEOs have hit the brakes on mergers and acquisitions since Trump launched his trade war, with fewer deals getting signed than during the bleakest days of the COVID-19 pandemic and the 2008-2009 global financial crisis. Reckitt said in April that it was "continuing to progress" the sale of the Essential Home business but that market conditions might affect the time frame. Consumer staples companies are considered relatively resilient to economic downturns, but big brands like Reckitt, P&G (PG.N), opens new tab and Unilever (ULVR.L), opens new tab increasingly face competition from cheaper private label brands that gained popularity during the pandemic. Reckitt's Essential Home business has struggled for several quarters, with sales falling 7% in the first quarter of this year to 482 million pounds, about 13% of total revenue for the quarter. Reckitt has been undergoing a turnaround under CEO Kris Licht, who has sought to reassure shareholders concerned about the strength of the company's brands in North America and Europe, where consumer confidence has been dwindling. ($1 = 0.7397 pounds)
Reuters
44 minutes ago
- Reuters
Ukraine-Russia, Colorado, Poland and tax bill
Follow on Apple or Spotify. Listen on the Reuters app. Russian and Ukrainian officials are due to meet in Istanbul for a second round of direct peace talks, a day after Ukraine launched one of its most ambitious attacks of the war. Eight people have been injured after a man yelled "Free Palestine" and threw incendiary devices into a crowd in Boulder, Colorado. Nationalist opposition candidate Karol Nawrocki has narrowly won Poland's presidential election, delivering a major blow to the centrist government. The Senate returns today with one of its first priorities to tackle U.S. President Donald Trump's tax and spending bill. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit to opt out of targeted advertising. Further Reading Steelmakers in South Korea, Vietnam tumble on Trump's new tariffs Gaza ministry says Israel kills more than 30 aid seekers, Israel denies DHS removes list of 'sanctuary' cities after sheriffs push back on non-compliant label Tulsa mayor announces $105 million trust to address impact of 1921 massacre Recommended Read: Trump cuts threaten safety training for America's most dangerous jobs Further Listening: Gen Z gender divide and the reshaping of democracy
Channel 4
an hour ago
- Channel 4
Dutch government collapses after far-right walkout
The Dutch coalition government has collapsed after veteran far-right leader, Geert Wilders, ordered his ministers to quit their posts this morning. The remaining three parties in the coalition decided that they cannot continue without a majority in parliament. Prime Minister Dick Schoof is expected to stay on as caretaker PM after tendering his resignation. An election is likely to be held after the summer. The far-right Dutch Freedom Party (PVV) came first in the last election held in November 2023. Nonetheless, including the party in government for the first time was controversial. After months of negotiations, a four-way coalition saw the PVV take five ministerial positions, but party leader Geert Wilders was frozen out of a job. He has been a vocal opponent of the government from the sidelines ever since. Last week he issued an ultimatum, demanding the government adopt stringent new anti-migrant policies or he would pull the plug. The coalition agreement already included a tough migration line. And some of Wilders' suggestions such as the idea of using the army to stop migrants at the border were dismissed as illegal under Dutch and EU law. This morning, in a meeting which reportedly lasted around 60 seconds, Wilders confirmed to the other parties in the government that the PVV would quit. Geert Wilders has made no secret of his wish to become Prime Minister and he is expected to make immigration a major theme of his campaign. The remaining governing parties could have chosen to continue as a minority administration and avoid an election, but are unlikely to do so. They know that Wilders risks a backlash from the public for causing the government to fall. Prime Minister Schoof called it an 'unnecessary and irresponsible' move. 'We are facing major challenges nationally and internationally, and more than ever, decisiveness is required for the safety of our resilience and the economy', Schoof said in a hastily arranged press conference this afternoon. The centre-right VVD said Wilders had chosen ''his own ego and his own interests' over those of the country. Polls suggest that support for Wilders has fallen 10 points from the highs the PVV enjoyed a year ago. The party is now polling neck and neck with both its former bedfellows on the right, and with the Green-Left opposition. Critics say that the government has achieved little in its 11 months in office. The leader of the Green-Left, former European Commissioner, Frans Timmermans, told the Dutch public broadcaster NOS earlier, there is an urgency for change. 'We have had enough of this standstill and that is not helping our country. There is war in Europe and people are very worried about their future. That requires leadership, solidarity and fair sharing.' The collapse of the government – the third shortest in recent times – is an embarrassment for Dutch politics. The Netherlands is due to host a major Nato summit later this month with Donald Trump, Emmanuel Macron and Keir Starmer among the leaders due to arrive in The Hague on 24 June. Dutch consider sending failed asylum seekers from Africa to Uganda German far right ride Trump wave ahead of election Another far-right winner in a European election: who is Călin Georgescu?
