Harmonized inflation rose to 5.9% in January from December’s 5.5%, while core inflation hit a record high. Price pressures should ease this year, curbed by higher interest rates, softer domestic demand and stabilizing commodity prices. However, they will remain elevated. Pre-electoral fiscal spending poses an upside risk. Energy price swings are a key factor to watch.
Spain 3-Month EURIBOR (%, eop) Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
3-Month EURIBOR (%, eop) | -0.33 | -0.31 | -0.38 | -0.55 | -0.57 |