Spain’s harmonised inflation rate year-on-year preliminary figure rose to 3.2%, up from the previous 3.0%. This marks a 0.2 percentage point increase, indicating a higher inflationary trend.
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The actual inflation rate surpassed analyst estimates of 3.0%, suggesting stronger-than-expected price pressures. This development is likely to impact the stock market, particularly affecting consumer goods and retail sectors, as higher inflation can erode purchasing power. The market impact may be short-term, driven by sentiment, as investors reassess inflation expectations and potential central bank policy responses.