In Spain

gasolinera carburantes combustibles 2000x1125 1

Preliminary CPI for July rises 3/10 of percentage point to 3.5 % year-on-year, whilst core CPI up by 1/10 of percentage point to 3%

Reported by Consejeros Editorial Team Amid the energy crisis caused by the war in Iran, the CPI stood at 3.5% in July, representing an increase of three tenths of a percentage point compared with the consensus forecast and the figure recorded in June. The National Statistics Institute (INE) has explained that the behaviour of the indicator in July was due to rises in the prices of fuel and lubricants for…

Read More

exportTC

Spain’s trade deficit continues to grow

According to customs data published in the Monthly Foreign Trade Report by the Ministry of Economy, Trade and Enterprise, Spain’s trade deficit widened to €8,245 million in May, representing an increase of €5,702 million compared to the same month last year. This deterioration was mainly driven by a sharp rise in energy imports, against a backdrop marked by higher crude oil prices following disruptions caused by the closure of the…