Prices in Spain rose by 4.3% in August compared to the same month in 2025, driven by rising fuel costs—a jump seven-tenths higher than July’s figure (3.6%) and the highest rate since February 2023. Spain’s National Statistics Institute (INE) published this Friday the advance Consumer Price Index (CPI) data for the month, which was shaped by price hikes in fuels and lubricants for personal vehicles, products that had dropped in…
Upon the proposal of the Ministry of Industry and Tourism; the Ministry of Economy, Trade and Enterprise; and the Ministry for the Ecological Transition and the Demographic Challenge, the Council of Ministers approved the final agreement on the free allocation of greenhouse gas emission allowances to installations subject to the emissions trading scheme for the 2026–2030 period. This will affect more than 650 industrial plants, which will collectively receive an…
This August, Social Security allocated a record €14.4704 billion to pay the standard monthly contributive pension payroll, a 6.2% increase compared to the same month in 2024, as reported this Tuesday by the Ministry of Inclusion, Social Security and Migration. This payroll includes the pension revaluation approved by the Government for 2026. Generally, the increase reaches 2.7%, matching the average CPI between December 2024 and November 2025. The average retirement…
Spain and five other European Union (EU) countries are demanding a debate in September on a windfall tax on oil companies’ extraordinary profits. Germany, Spain, Portugal, Italy, Poland, and Austria have requested that the issue be included on the agenda for the meeting of EU Finance Ministers on September 18 and 19 in Dublin, following the sharp surge in energy prices caused by the Iranian blockade of the Strait of…
Overwhelming the border, on July 30 and 31, more than 80,000 people from Morocco entered Ceuta—a Spanish city of 83,000 inhabitants. Moroccan and Sub-Saharan nationals, adults and minors, men and women… In a display of helplessness that reflects the Government’s difficulties in enforcing respect for Spanish borders. And which, almost a month later, continues. Against all evidence, the Spanish Government has been determined ever since to highlight Morocco’s collaboration in…
The European Commission has approved the creation of a joint venture between ACS, Telefónica, Banco Santander, and SEPI Digital to bid for one of the seven European artificial intelligence (AI) gigafactories that the EU Executive plans to build. The Spanish project, backed by Portugal, features a dual location split between Móra la Nova (Tarragona) and San Fernando de Henares (Madrid). At the end of July, the EU announced the launch…
Spanish public debt has reached 1.763 trillion, a new record, but the most important thing for the Government is that the Debt-to-GDP ratio has fallen from 103.4% to 101.5% of GDP in one year. It forgets to mention that inflation in the first half of the year stood at 3.2%, meaning GDP is “inflated” by price increases that do nothing but erode Spaniards’ purchasing power. Economic theory emphasizes that public…
The trade deficit stood at nearly €32.781 billion in the first six months of the year, representing a 30.5% increase compared to the same period of the previous year, according to data from June’s foreign trade report published this Tuesday by the Ministry of Economy, Trade and Business. This result is the outcome of a 2% increase in exports, which reached €201.1336 billion between January and June—the second highest figure…
Spain’s “Misery Index,” as measured by Bloomberg (13.7), is worse than that of Greece (11.4), Portugal (8.64), the European Union (8.9), and the Eurozone (9.2). The Misery Index is a simple economic indicator designed to measure the economic discomfort or stress felt by the average citizen in a country. It was created in the 1970s by American economist Arthur Okun and is calculated by adding two key variables: Misery Index…
The limited extension is adopted after considering the energy situation marked by uncertainty in international energy markets. However, the Ministry emphasizes that this extension does not alter the closure date for the entire nuclear fleet in 2035. The Ministry for the Ecological Transition and the Demographic Challenge (Miteco) published Order TED/864/2026 of August 12 in the Official State Gazette (BOE) on Friday, granting the renewal of the operating authorization for…