Spain May Harmonized CPI Year-on-Year Preliminary Value
National Statistics Institute of Spain announced the Spain May Harmonized CPI Year-on-Year Preliminary Value on 2025-05-30. The reported figure stands at 1.9%, against a forecast of 2%, with the prior figure recorded as 2.20%.
Regarding the Spain May Harmonized CPI Year-on-Year Preliminary Value, Actual value > Forecast value = Bullish for Euro, The Harmonized Index of Consumer Prices (HICP) is the most commonly used tool for measuring inflation, and the European Statistical Office has coordinated the compilation methods of the consumer price indices of EU member states. This indicator is similar to the Consumer Price Index, as it measures all the components included in the Consumer Price Index, as well as personal computers, new cars, and airplane tickets, while excluding personal housing and local government taxes. In general, an increase in data suggests that the Bank of Spain may raise interest rates to control inflation, which would be positive (or bullish) for the euro; conversely, a decline in data suggests that the Bank of Spain may keep interest rates unchanged or lower them, which would be negative (or bearish) for the euro.
This data holds an importance level of , calculated using The Harmonized Index of Consumer Prices (HICP) is mainly used within the European Union and is an indicator of the prices consumers pay for a basket of goods and services. By using the same methodology across countries, it allows for comparability of inflation measures. The annual (or monthly) growth rate represents the inflation rate, and updates monthly.
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