Spain April final CPI 1.5pc vs 1.3pc in March

Spanish national consumer prices rose 1.5pc year-on-year in April according to data from the National Statistics Institute on Tuesday, in line with a Reuters poll forecast and compared to 1.3pc in March.

Spanish European Union-harmonised prices rose 1.6pc from a year earlier, in line with the Reuters forecast and up from 1.3pc in March.

Core inflation, which strips out volatile food and energy prices, was 0.9pc year on year, compared to a reading of 0.7pc a month earlier.