MADRID (AFP) – Spanish inflation accelerated in March due mainly to higher energy costs, preliminary official data showed yesterday.
Consumer prices rose 3.2 per cent on an annual basis, up from 2.8 per cent in February, national statistics office INE said in a statement.
The main factor pushing up inflation was a rise in the price of electricity and fuel, which offset slower growth in food and non-alcoholic drink prices, it added. Spanish inflation hit a record 10.8 per cent in July 2022, its highest level since 1985 sending consumer prices soaring, but it has since eased.
Socialist Prime Minister Pedro Sanchez in 2022 put in place a series of measures to help households cope with higher inflation such as free commuter rail travel which it plans to start phasing out this year.
