Spanish Inflation Quickens in First Glimpse of Key Data for ECB

08/30/2023 15:32
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Spanish Inflation Quickens in First Glimpse of Key Data for ECB

Spanish inflation quickened again in the first of a string of reports from around the region that will help European Central Bank officials judge whether to keep raising interest rates.

  • National reports precede Thursday release of euro-zone numbers
  • Officials say inflation data are crucial for ECB rate decision

Shoppers at a fishmongers stall in Sant Antoni market in Barcelona, Spain.

Photographer: Angel Garcia/Bloomberg

Spanish inflation quickened again in the first of a string of reports from around the region that will help European Central Bank officials judge whether to keep raising interest rates.

Consumer prices rose 2.4% in August from a year earlier, up from 2.1% the prior month, driven by fuel costs, the country’s statistics agency said on Wednesday.

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Spain Inflation Quickens in 1st Glimpse of Key Data for ECB

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