Inflation in Spain is worse than the European average, at 3.3% due to rising electricity prices
For Europe as a whole, the consumer price index is at its highest level since November 2011, while core inflation (not including fresh food or energy) has risen from 0.9% in July to the 1.6% in August. This indicates that a large percentage of the cause of the spike in inflation across Spain and Europe in general is down to the rising cost of electricity.
Analysts from the European Central Bank (ECB) warn that inflation in Europe could continue to increase in the fourth quarter of 2021, exacerbated by restrictions on economic activities due to rising levels of Covid infections.
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Source: Murcia Today
