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null What Is the Current and Future Outlook of Inflation in Spain?

What Is the Current and Future Outlook of Inflation in Spain?
18 Jul 2022
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Clock 20 mins.
CATEGORIES: AER Global AER Personal AER España Spain Macro Spain Monetary Policy
Beatriz Cortez de Lobão
Leopoldo Torralba
Joaquín Rivera
In June, consumers googled ‘inflation’ more often than at any time since the launch of Google Trends. In the face of surging economic uncertainty, inflation has indeed been its main driver. To this end, a continued monitoring of the situation is required to further gain an insight into its actual nature as well as to be able to accurately forecast its evolution. Based on the latest data released by the Spanish National Statistics Institute, we attempt in this chartbook to provide an answer to the following questions:
dot What components weigh the most into Spanish consumption?
dot What is the breakdown of the 10.2% inflation data disclosed?
dot What are the segments poised to face the largest price increases?
dot What can we infer from the recent evolution of MoM inflation?
dot What is driving surging inflation and where is it heading?
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