Spain's Inflation Dip

In February, Spanish inflation saw a decline due to lower electricity prices, dropping below 3% for the first time since August.

Key Details:

• Consumer-Price Index: Rose by 2.9% annually in February
• Comparison: Down from a 3.5% increase in January
• Expectations: Economists polled by The Wall Street Journal expected inflation to tick down to 3.0%
• European Central Bank Target: Inflation remains above the target of 2%
• Factors: Drop in electricity prices and stable food prices contributed to the decrease
• Fuel Prices: Increased compared to the same period last year

Core Inflation:

• Definition: Strips out volatile effects of unprocessed food and energy prices
• February Data: Core inflation slowed to 3.4% from 3.6%

Other European Countries:

• France: Saw a slowdown in inflation in February
• Euro Area: Data for the 20-nation euro area set to be published on Friday

The latest numbers suggest a shift in Spain's inflation trajectory, with various factors influencing the overall trend.