Quotes from Scotiabank:- On Dec 30th, Spain will release its preliminary inflation estimate for Dec, which is expected to come in at roughly -0.6% y/y. Despite Spain’s acceleration in economic activity, price pressures will remain depressed by subdued food and energy prices as well as weak (yet somewhat accelerating) demand and credit conditions. – The underlying trend in Spanish inflation has been consistent with the euro zone’s strong disinflationary developments over the past year, however, it has been significantly more pronounced. – We now expect annual average inflation in Spain to be just -0.1% in 2014, 0.2% in 2015, and 0.7% in 2016.
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