Spanish economy

OPEC cut to impact Spanish economy

Inflation holds steady at 4.9% in October following lower fuel prices

Inflation held steady in October. The Consumer Price Index (CPI) placed its year-on-year rate at 4.9%, according to data released by the National Statistics Institute (INE), which cites falling fuel prices as one of the main drivers. Nevertheless, it remains the highest rate since February 2023. In detail, the groups that stood out for their downward pressure include food and non-alcoholic beverages, which placed their annual rate at 2.4%—three-tenths of…

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Spain construction

770,000 employed people are left in poverty after paying for housing

According to a study published this Tuesday by Oxfam Intermón, after covering monthly housing expenses, 770,000 employed people cross the poverty threshold—their income does not reach 60% of the median, indicating that they have significantly lower economic resources than average for society as a whole—joining the 2.2 million people who were already in this situation even before facing rent or mortgage payments. The report reveals that housing costs raise the…