Inflation & Prices
Spanish Inflation Unexpectedly Jumps After Months of Easing
- Consumer prices rose 5.8% from year ago in January; est. 4.8%
- This week brings slew of euro-zone data and ECB rate decision
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Spanish inflation unexpectedly quickened in January after a five-month run of slowing price growth, prompting traders to boost their bets on how high the European Central Bank will raise interest rates.
Consumer prices advanced by 5.8% from a year ago, up from the previous month’s 5.5% increase, the statistics institute in Madrid said Monday.