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πŸ‡ͺπŸ‡Ί Spain's HICP holds at 3.6% and eurozone M3 accelerates, putting a second ECB hike back in play

πŸ‡ͺπŸ‡Ί Spain's HICP holds at 3.6% and eurozone M3 accelerates, putting a second ECB hike back in play

Spain's June flash HICP came in at 3.6% year-on-year, above the 3.4% forecast. Eurozone M3 accelerated to 3.2% in May against a 2.7% consensus, keeping a second ECB rate hike firmly in play.

Line chart with black Spain CPI (2m adv) and red Eurozone CPI lines from 2001 to 2025.
Spain's June HICP inflation held steady at 3.6 percent year on year, in line with forecasts, as the ECB prepares for Lagarde's speech later today. Source

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