empty
 
 

2022.03.3007:39:00UTC+00Spain Inflation Strongest Since 1985

Spain consumer price inflation accelerated further in March to the highest since May 1985, flash data from the statistical office INE showed on Wednesday.

Consumer price inflation rose more-than-expected to 9.8 percent in March from 7.6 percent in February. The rate was forecast to climb to 8.0 percent.

The annual growth in prices was driven by electricity, fuel and oil prices and food and non-alcoholic beverages. Underlying inflation advanced to 3.4 percent, the highest since September 2008, from 3.0 percent in February.

On a monthly basis, consumer prices advanced 3.0 percent, following a 0.8 percent rise in February. The rate was also above the economists' forecast of 1.3 percent.

EU harmonized inflation also increased to 9.8 percent from 7.6 percent a month ago. The expected rate was 8.1 percent.

Month-on-month, the harmonized index of consumer prices gained 3.9 percent, faster than the 0.8 percent rise in February, and the economists' forecast of 2.8 percent.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback