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Spain inflation soared to 10.2%! The highest in 37 years! 20 points of gasoline subsidies are extended!


According to the prediction data released by the Spanish National Bureau of Statistics (INE) on Wednesday, the Spanish consumer price index (CPI) is expected to be 10.2% in June, 1.5 percentage points higher than the 8.7% reached in May. The highest level since the month. The increase in inflation exceeds expectations, and the annual growth rate is expected to be as high as 9%, which is four tenth higher than the peak reached in March. Like last month, the contribution of fuel, food and non -alcoholic beverages to the total price index was particularly prominent, and the increase was higher than the previous year.

In addition, the government announced recently that the discounts of gasoline at the end of this month will be extended to December 31st.