Institutions: Spanish inflation is on a steady decline

Golden Ten Data News on August 29th, Angel Talavera, Head of European Economics at Oxford Economics Research Institute, said that there is good news for Spanish consumer prices in August. According to the EU’s unified standards, Spain’s CPI rose by 2.4% year-on-year this month, a decrease from the previous month due to the weakening energy effect. Talavera said that core inflation is also continuing to ease, and everything now indicates that inflation in the eurozone’s fourth largest economy is normalizing. However, the inflation rate in the coming months may rise slightly.

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