Price rises stable but above eurozone average

  • Spanish inflation holds steady at 3.3% in December
  • Fuel prices fell at a slower rate than last year
  • Electricity prices rose less steeply on year
  • Food prices remained largely stable
  • Core inflation slowed to 3.8% from 4.5% in November
  • Spanish inflation is above the eurozone average of 2.4%

The rate of annual inflation in Spain remained unchanged in December, with the consumer-price index rising by 3.3% on a yearly basis. Fuel prices fell at a slower rate compared to the previous year, while electricity prices rose less steeply and food prices remained largely stable. Core inflation, which excludes the effects of unprocessed food and energy, slowed to 3.8% from 4.5% in November. Spanish inflation is currently higher than the eurozone average of 2.4%.

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Key People: Joshua Kirby (Author)

Factuality Level: 8
Justification: The article provides factual information about the rate of annual inflation in Spain in December, as reported by the national statistics agency INE. The information is in line with the expectations of economists polled by FactSet. The article also mentions the factors that contributed to the inflation rate in Spain and compares it to the eurozone average.

Noise Level: 7
Justification: The article provides basic information about the rate of inflation in Spain, but it lacks depth and analysis. It simply states the figures without providing any context or explanation. There is no mention of the potential causes or implications of the inflation rate, and there are no actionable insights or solutions provided. The article also does not support its claims with evidence or data. Overall, it is a superficial and uninformative piece of news.

Financial Relevance: Yes
Financial Markets Impacted: The article provides information on the inflation rate in Spain, which can impact financial markets and companies in the country.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the inflation rate in Spain, which is a financial topic. However, there is no mention of any extreme event.

Reported publicly: www.marketwatch.com