He Spain’s Consumer Price Index (CPI) has moderated eight tenthss in the year-on-year reading for September, dropping to 1.5% from the previous 2.3%, its lowest level in three and a half years, as reported by the National Institute of Statistics (INE). The figure significantly improves market expectations, since a reduction to 1.9% was expected.
The monthly inflation has fallen to -0.6% from 0% in August, falling below the estimated -0.1%.
The core CPI, which excludes food and energy, has decreased three tenths to 2.4% annually. For its part, harmonized year-on-year inflation has dropped to 1.7% from the previous 2.4%, improving the 1.9% forecast.
Euro reaction
The Euro has fallen in the last hour to the day’s lows at 1.1124 against the US Dollar. At the time of writing, EUR/USD is trading above 1.1134, losing 0.38% daily.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
