Reported about 1 month ago
Spanish inflation has reached its lowest point in a year, with consumer prices rising only 2.4% year-on-year, down from earlier estimates. This decline, attributed to falling costs for fuel, food, and beverages, aligns with expectations for a broader decrease in inflation across the eurozone. As a result, the European Central Bank is increasingly likely to cut interest rates in the near future. Despite governmental efforts to manage high inflation following the Ukraine crisis, Spain's economy remains robust, characterized by strong tourism and employment growth.
Source: YAHOO