Spanish inflation stays above ECB 2% target in first reading after US-Iran peace deal

Spanish consumer prices increased more than analysts had projected in the first monthly reading released after the US-Iran peace deal. Officials had expected the figure to move closer to that level following the agreement.

Price data details The report covers the period immediately after the peace deal between the United States and Iran. No specific percentage change or index level was provided in the initial release. Market participants viewed the result as higher than anticipated given recent geopolitical developments.