energy latest publications
Consumer prices increased by 1.13% in June, remaining significantly above both the consensus and our expectation (0.6% vs. 0.45%). Thus, also led by the negative base effects, annual inflation accelerated to 12.62% from 11.39% in May.
May 20, 2020
Mexico | YoY headline inflation volatility kicks in driven by the rebound in energy prices
We expect headline inflation to post a 0.00% HoH change in the first half of May, thereby increasing to 2.5% YoY from 2.2% in the second half of April. We anticipate a 0.09% HoH core inflation increase (3.60% YoY, unchanged from 3.61% in the previous fortnight).
Consumer prices increased by 0.85% in April, higher than both the consensus and our expectation (0.6%). Though, annual inflation continued to decelerate to 10.94% from 11.86% in March on top of favorable base effects led by energy prices. We expect consumer inflation to be 7.5% at the end of 2020.
Spain’s GDP growth remains strong, although we have seen moderation relative to previous years. While it is always tempting to seek a single culprit, this seems to be rather the combined result of various factors. Some of these are temporary, but others are here to stay.
Hidrocarburos: la producción continuó declinando, pero las mayores inversiones en shale gas debido a los incentivos de precios y acuerdos laborales ofrecidos en Vaca Muerta revertirían la tendencia en el mediano plazo. Electricidad: perspectivas de mayor convergencia entre demanda y oferta con creciente participación de ren…
The prevalence of fossil fuels in the production of electricity is being challenged by the rapid expansion of renewable sources such as wind and solar. Around the world, wind energy capacity has increased fivefold since 2007, reaching 487GW in 2016
The Central Bank (CBRT) kept the entire set of its interest rate corridor unchanged. The Bank also preserved the hawkish tone by over looking the expected disinflationary impacts of the fall in energy prices and partial correction in food prices. We expect the Bank to keep the average funding rate close to 12% until the ne…
Annual headline inflation surprised on the upside to 9.2% from 8.5% in December. The main drivers behind the surge were food inflation (harsh weather conditions) and higher energy prices, while FX pass-through has showed only minor signs of impact on the core so far.