Spain’s Inflation Jumps to 4.3%: What the Fuel-Driven Surge Means for Autumn Bills
21 Articles
21 Articles
The inflation rate in Spain accelerated to 4.3% in the annual comparison in August, before 3.6% in July, getting slightly above the expectations of the market, which predicted 4.2%, according to a preliminary estimate. Exclusive material for subscribers. To have full access, access the link of the subject and register.
The CPI has reached its highest level since February 2023, while underlying inflation drops by a tenth, to 2.9%.Inflation rises to 3.5% in July due to energy prices.
Inflation suffered by Spain skyrocketed in August from 3.6% recorded in July to 4.3%, peaks for three years and more than double what is desirable. This is what the National Institute of Statistics (INE) revealed this Friday. The Ministry of Economy notes that this sudden increase in prices is ... Continue reading "Inflation skyrockets to 4.3% in August after the government withdraws the reduction in fuel VAT"
El Mundo
infoLibreIt has also influenced, although to a lesser extent, the group of non-alcoholic foods and beverages, which have dropped less in August than they did in the same month of last year,
Despite the price subsidies for petrol and diesel, prices are rising again. The CPI has already been in excess of 3% for five consecutive months. The underlying rate is 2.9%.
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