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🇪🇺 Spain's PPI doubled in April. Core goods fell. The ECB's June 5 problem just got messier.
The day in view

🇪🇺 Spain's PPI doubled in April. Core goods fell. The ECB's June 5 problem just got messier.

Macro Soup Newsroom Macro Soup Newsroom 3 min read

Spain's producer prices rose 8.3% year-on-year in April, more than doubling from 3.4% in March. All of it was energy. Core goods fell 0.1%. The ECB meets June 5 with its own adverse scenario already breached on the energy side.

Man in blue suit with glasses and polka-dot tie speaking during interview, woman in red jacket visible from behind in studio.
Olaf Sleijpen said the ECB will do everything in its power to tame inflation. Source

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