S&P 500 may face selling pressure as systematic funds reach full exposure
Investing.com -- Spain's 12-month inflation rate, adjusted to match European Union standards, increased to 2.9% in January, up from 2.8% recorded in December, according to the final data released by the National Statistics Institute (INE) on Friday.
The INE's final figure of 2.9% confirmed the preliminary reading of the European Union-harmonized 12-month inflation rate that was released two weeks ago.
This figure also matched the average estimate given by analysts.
Without considering the fluctuating prices of fresh food and energy, the core inflation rate stood at 2.4% for the year ending in January. This is a decrease from the 2.6% rate seen for the year through December, as reported by the INE.
The INE also reported that national consumer prices in Spain increased by 2.9% in the 12 months ending in January, a slight uptick from the 2.8% recorded in the year through December.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.