Home Headlines Spain April final CPI 8.3% y/y vs 9.8% in March
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Spain April final CPI 8.3% y/y vs 9.8% in March

by wrich
90 views
gawdo

(Reuters) -Spanish national consumer prices rose 8.3% year-on-year in April, according to data from the National Statistics Institute on Friday, compared with 9.8% in March and a Reuters poll forecast of 8.4%.

Core inflation, which strips out volatile food and energy prices, was at 4.4% year-on-year, up from a reading of 3.4% a month earlier and the highest rate since December 1995, data from the National Statistics Institute (INE) showed.

Spanish EU-harmonised prices rose 8.3% from a year earlier, down from 9.8% in March and in line with the Reuters forecast of 8.3%.

Russia’s invasion of Ukraine and the subsequent pressure on energy and food markets has stoked inflation, which was already accelerating as the global economy emerged from the coronavirus pandemic.

In Spain, INE said that the cost of both food and non-alcoholic drinks in April was higher than in the previous month and a year earlier. This was driven particularly by a surge in the price of oils and fats, along with prices in hotels, cafes and restaurants and, with the resumption of tourism, the cost of package holidays.

This was mitigated by electricity prices being lower than a year before. Gas and heating fuel are now costing more than they did last year, however, it said.

INE noted that prices for cars and air passenger transportation are rising, but petrol and lubricants were cheaper in April than in March.

(Reporting by Filipe Bragança and Aislinn Laing; Editing by Bradley Perrett)

www.gawdo.com

You may also like