Latest news with #EuropeanUnion-harmonised
Yahoo
3 days ago
- Business
- Yahoo
Spain's 12-month EU-harmonised inflation in May falls to lowest since October
MADRID (Reuters) -Spain's European Union-harmonised 12-month inflation rate fell in May to its lowest level since October, preliminary data from the National Statistics Institute (INE) showed on Friday, as falling prices for leisure and culture helped alleviate other hikes. Inflation eased to 1.9% in May from 2.2% in the period through April, INE said. The rate was not that low since hitting 1.8% in October. Transportation prices fell and a the growth of electricity prices was slower than in the same month of the previous year, it added. The 12-month EU-harmonised inflation was below the 2.0% expected by analysts polled by Reuters. Core inflation, which strips out volatile fresh food and energy prices, was 2.1% year-on-year, the INE data showed. Spain's 12-month national inflation fell to 1.9%, down from 2.2% in April. Analysts polled by Reuters expected a 2.0% rate.
Time of India
14-05-2025
- Business
- Time of India
European shares flat as gains from US-China truce pause
European shares opened flat on Wednesday as investors took a breather after gains seen earlier this week following the U.S.-China trade truce, while key inflation data from Germany was also in focus. The continent-wide STOXX 600 index was unchanged at 545.31 points as of 07:10 a.m. GMT. The benchmark had logged its fourth consecutive session of gains in the previous session on Tuesday. The week began on a firm note after Beijing and Washington agreed to a 90-day pause on most of the tariffs imposed on each other in April, sparking optimism that a global recession from the trade war may be averted. Meanwhile, data showed German inflation eased further to 2.2% in April, confirming preliminary figures, while Spain's European Union-harmonised 12-month inflation rate fell to 2.2% in March from the period through February. Among individual stocks, luxury firm Burberry topped expectations as brand sentiment was improving. Its shares were up 7.9%. Live Events German chemicals distributor Brenntag fell 3% after it reported a lower-than-expected quarterly core profit. Vestas rose 1.2% after Berenberg raised the wind turbine maker to "buy" from "hold".
Reuters
24-04-2025
- Business
- Reuters
Spain's industrial prices fell in March amid cheaper energy, vegoil
April 24 (Reuters) - Spanish industrial prices fell in March on a monthly basis thanks to cheaper energy as well as lower vegetable oil prices, the National Statistics Institute (INE) said on Thursday. Prices at the Spanish factory gates, or the prices as they leave the factory before additional costs are added such as transportation, fell 3.9% in March from February, INE said. That brought down the 12-month rate to 4.9%, down from a revised 6.7% in February, INE said. The statistics agency attributed most of the decrease to electricity costs, which dropped 19.2% in March, while oil refining and gas production costs fell 6.5% and 3.8%, respectively. Costs of vegetable oils, mainly pressed from olives, fell 3.7%. Industrial price changes tend to anticipate consumer prices as companies transfer some higher costs to customers, ultimately fuelling inflation. Spain's European Union-harmonised 12-month inflation rate came at 2.2% in March from 2.9% in the period through February.
Reuters
11-04-2025
- Business
- Reuters
Spain's 12-month EU-harmonised inflation falls to 2.2% in March
April 11 (Reuters) - Spain's European Union-harmonised 12-month inflation rate fell to 2.2% in March from the period through February, final data released by the National Statistics Institute, or INE, showed on Friday. The INE's final data of 2.2% confirmed the flash reading of 12-month European Union-harmonised inflation released two weeks ago and the average estimate from analysts polled by Reuters. Core inflation, which strips out volatile fresh food and energy prices, was 2% in the 12 months through March, down from 2.2% in the period through February. It was in line with the 2% flash reading reported two weeks ago, INE said. Spain's 12-month national consumer prices rose 2.3% in the 12 months through March, down from 3% in the period through February. The final data of 2.3% confirmed the flash estimate released by INE two weeks ago and the forecasts by analysts polled by Reuters at 2.3%.
Reuters
14-03-2025
- Business
- Reuters
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%.
