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null Impact in Spain of Soaring Inflation in the US

Impact in Spain of Soaring Inflation in the US
15 Jul 2021
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CATEGORIES: AER Global AER Personal Spain Macro Spain Monetary Policy
Leopoldo Torralba
Ignacio de la Torre
This one-page note summarises the potential effect that the unexpectedly high US inflation reading released a few days ago could have in Spain. Now that economists agree that the economic rebound is underway, inflation is the next risk on our radar, since strong historical public stimuli are creating a high level of uncertainty. Therefore, any meaningful driver must be under surveillance, and the acceleration of US inflation is certainly one of them.
dot Is there a serious inflationary risk going forward?
dot We are not too concerned about inflation running wild, why?
dot Will the rise in US headline CPI affect Spain?
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