Spain July preliminary CPI -0.6% vs -0.3% y/y expected

Latest data released by the National Statistics Institute – 30 July 2020
– -0.3%
– CPI -0.9% vs -0.7% m/m expected
– Prior +0.5%
Spanish headline inflation continues to sit in deflation territory and the miss on estimates here will just feed into the narrative of the ECB needing to keep stimulus measures for a prolonged period to