Spain's Flash November HICP inflation likely to be 0.0(mom) and -0.7(yoy)

Spain's Flash October HICP inflation was 0.3, which is expected to decline to 0.0 for the month of November on a month-on-month basis. The HICP on year-on-year basis is expected to rise from October's -0.9 to -0.7, by the market consensus.

The CPI (mom) is likely to come at 0.2 for the month of November and CPI(yoy) is expected to come at -0.5 from the previous -0.7 in October, by the market consensus.

"Spanish HICP inflation is set to remain in negative territory, averaging -0.7% for 2015 before rising to 0.6% in 2016, on our forecasts. We expect the core metric to be 0.2% in 2015 before rising to 0.9% in 2016", says Societe Generale.