Signs of decline in Spanish inflation – Last Minute Economy News

According to the figures released by the Spanish National Institute of Statistics (INE), the preliminary data on inflation in Spain reached 10.8 percent in July and fell to 10.4 percent annually in August.

Thus, the country’s inflation, which was well above the Eurozone average of 8.9 percent, started to decline.

Spanish inflation had not slowed since April. It hit double digits in June.

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If these figures remain among the highest powers in Western Europe when the final data is released, Madrid will be able to rein in inflation by keeping energy prices under control. Spain and Portugal have therefore temporarily released themselves from the European electricity market.

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