Publications

Here are all of our publications listed chronologically. You can also find the publications relating to single geography under “Publications by geography” or narrow down your search using the “Advanced filter”.

Latest publications on prices

Spain | Perception and reality: The puzzle of economic recovery

21 May 2025

Spain has staged one of the most dynamic macroeconomic recoveries in Europe after the pandemic. Employment and GDP have far exceeded the levels observed in 2019. However, the mood of households does not seem to have followed the same path.

Colombia | Annual inflation surprised on the upside in April, reaching 5.2%

9 May 2025

Annual inflation in April surprises on the upside (5.2%), driven by regulated items and goods. Core inflation (excluding food) also increases. Doubts persist regarding the speed of future moderation. This result may lead to upward revisions of forecasts and uncertainty about the future monetary policy stance.

Global | Commodities: volatility and conflicting trends

5 May 2025

Commodity markets, like other financial markets, have been unusually volatile in the last month, largely due to the trade policy announcements by the new United States administration.

Colombia | Inflation Ends 4-Month Stable Streak, Settles at 5.1% in March.

8 April 2025

In March 2025 Colombia's total inflation decreased to an annual rate of 5.1% breaking a four-month period of stability or slight increase. This moderation was primarily driven by a decline in non-food inflation, particularly due to the regulated basket. March monthly inflation was 0.52% falling below analysts' expectations.

Europe | Gas still keeps EU on edge

24 February 2025

Recent fluctuations in gas prices have had a considerable impact on both activity and inflation. Going forward, we see supply factors that can moderate these tensions.

Spain | More renewables to continue lowering costs

24 February 2025

The increased penetration of renewable energies in Spain, especially solar and wind, has reduced wholesale electricity prices by 20% in the last three years and could cut them by a further 20% by 2030 if the ambitious PNIEC targets are met.

Colombia | Inflation remained at 5.2% for the third consecutive month

9 February 2025

Monthly inflation in January was 0.94%, exceeding analysts' expectations (0.82% projected in the Central Bank of Colombia’s survey). As a result, the annual variation remained stable for the third consecutive month at approximately 5.22%.

Spain | The impact on the economy of the increase in US trade tariffs

9 December 2024

It may well be negative in the short run, although it should be cushioned by the relatively low direct exposure of the Spanish economy to trade with the US. In the medium term, the outcome will be determined by the goals set by the new US President and the economic policy responses, both in the eurozone and in Spain.

Colombia | November inflation stood at 5.2%, in line with expectations

7 December 2024

In November, monthly inflation was 0.27%, with an annual rate of 5.20%, consistent with our expectations and closely aligned with market analysts’ projections, which, according to the Central Bank of Colombia's survey, anticipated a monthly variation of 0.21%. This result is 21 basis points below the previous month's figure

Colombia | In July, annual inflation resumed its downward trend, standing at 6.9%

9 August 2024

In July, monthly inflation was 0.20% and annual inflation was 6.86%, close to market analysts' expectations, according to Banco de la República's survey (0.28%) and our forecast (0.24%). With this, the result is 32 bps below the previous month's figure.

Colombia | Annual inflation remains stable for the second month in a row in June, at 7.2%

9 July 2024

In June, monthly inflation was 0.32%, and annual inflation was 7.18%, slightly higher than the previous month's figure. The result was close to the expectations of market analysts who, according to Banco de la República's survey, expected a monthly variation of 0.28%.

Global | From short-term chaos to long-term uncertainty

6 May 2024

Commodity prices are front and center in global economic discussions. The last two months have seen the cost of oil rise by around 10%, alongside significant volatility. This has a lot to do with the short-term chaos.

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