Spanish final HICP inflation likely to have confirmed flash reading of -0.3 pct in August

Spain’s final HICP inflation is expected to have come in same as the flash estimate in August. According to a Societe Generale research note, final HICP inflation is likely to have confirmed the flash reading of -0.3 percent year-on-year.

The INE does not give any details during its flash press release. But the press release specified that the rise is mostly due to a lesser annual decline in energy prices- gasoline and diesel, along with increased electricity prices.

Spain’s HICP inflation is likely to continue rebounding and become positive in September, stated Societe Generale. The rebound in the inflation figure is expected to be mainly because of base effects from energy prices.