Spain’s September CPI Hits Forecasted 3.5%

October 1, 2023 at 4:27 am

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Spain’s Inflationary Surge: September’s CPI Flash Report Revealed

Spain, in the throes of economic transitions, has just witnessed an inflationary uptick in September 2023. The recent flash report by the NSI unveils that the Consumer Price Index (CPI) reached an annual rate of 3.5%, aligning precisely with economists’ projections.

Diving Deeper into the Details

Spain’s economy, having previously reported a 2.6% inflation rate, saw a notable climb this September. The ascension can primarily be attributed to the soaring electricity costs, which made a distinct departure from last September’s falling prices. Moreover, while not as impactful but still significant, fuel prices took an upward trajectory, juxtaposed with their decline from the previous year.