Spanish economy

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Inflation remains at 3.2% in June, whilst core rate moderates to 2.9%

The rise in gas and electricity prices has been offset by a moderation in fuel prices following the government’s VAT cut, introduced after the outbreak of the conflict between the United States and Iran – a measure that will remain in force until tomorrow. Reported by Consejeros Editorial Team Prices held steady in June, with inflation once again standing at 3.2% for the third consecutive month, according to preliminary data…

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Preliminary inflation in Spain for May remains at 3.2% amid energy crisis caused by war in Iran

Reported by Consejeros Editorial Team The CPI maintained its year-on-year rate at 3.2% in May and has now been above 3% for three consecutive months amid the energy shock caused by the war in Iran, according to data released on Friday by the National Statistics Institute (INE) and reported by Europa Press. The agency explained that in May’s inflation performance, transport and recreational activities, sport and culture pushed prices up,…