Spain's Inflation up From 4.3% to 4.9% in September
52 Articles
52 Articles
To confirm this estimate today of the INE, the homologous inflation in Spain rose six tenths in September, after having been 6% in August.
Inflation in Spain rose for the eighth consecutive month in September, reaching its highest level since February 2023 and accelerating beyond the euro area average, as the country's economy continues to show superior performance. Exclusive material for subscribers. To have full access, access the link of the subject and register.
Inflation in Spain unexpectedly accelerated to 5 percent in September, further strengthening expectations that the European Central Bank (ECB) will raise interest rates. The figure is well above the central bank's 2 percent target and indicates a significantly higher rate of price increases than in other eurozone member states, Bloomberg reported.
The September advance indicator rises six tenths compared to August, driven by fuel and tourist packages. The underlying inflation also rebounds and reaches 3.1%.
Fuels boost price hikes to peaks of the year as underlying inflation rebounds Diesel already exceeds the sales price it had before the tax discount increased to 20 cents
With the September data, inflation chains three consecutive months of promotions.
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