Top Stories
Spain’s inflation to be lower this year than in 2022 -minister
Global Banking & Finance Review®
Company
MADRID (Reuters) -Spanish Economy Minister Nadia Calvino said on Monday she expects inflation will be lower this year than in 2022 though there will be “a lot of volatility” each month.
MADRID (Reuters) -Spanish Economy Minister Nadia Calvino said on Monday she expects inflation will be lower this year than in 2022 though there will be “a lot of volatility” each month.
Despite the volatility, inflation will be “at practically half the level of last year, at levels much lower than last year,” she said in an interview with RNE radio station.
The 12-month inflation rate in Spain fell in the second half of 2022 to 5.7% in December after peaking at 10.8% in July, though the rate then inched up and was at 6.1% in the period through February.
(Reporting by Inti LandauroEditing by Bernadette Baum)
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is measured as an annual percentage increase.
Explore more articles in the Top Stories category
