Consumer prices in Spain turned positive for the first time in two years, although falling short of analysts’ expectations in midst of an ongoing political deadlock that has left the country without a stable government for nine straight months.
Spanish consumer prices rose 0.8 percent from the previous month on European Union's harmonized basis, up from no change in August, but still slightly below the 0.9 percent rise forecast by economists, data released by INE-National Institute of Statistics showed Thursday.
Further, on an annual basis, consumer prices climbed 0.1 percent, the first rise since 2014, up from a 0.3 per cent decline in August, but a touch below the 0.2 percent rise expected by economists.
"We expect the final print to show stable annual food, alcohol and tobacco price inflation and slightly higher core inflation (0.8 percent y/y, up from 0.7 percent in August) due to higher restaurant and hotels prices," said Gizem Kara, BNP Paribas.


Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Bessent, He Lifeng to Discuss AI Security and Trade in New York
Asian Chip Stocks Rally as Treasury Yields Ease
Asian Stocks Rise as Oil Falls, BOJ Rate Decision in Focus
Mexico Pushes for US Trade Deal Before Midterms
Venezuela Nears Deal to Move $4 Billion in Gold to New York Fed
Trump Hopes Iran War Nears End as Yemen Fighting Escalates
Yen Sinks as BOJ Rate Hike Fails to Impress Markets
Strait of Hormuz Oil Shipments Hit Six-Month High as U.S. Clears Mines
Iran Economic Crisis Forces Afghan Families to Return Home
East Germany Narrows Economic Gap With West but Wealth Divide Persists 



