This figure, higher than the initially estimated 7.4% published at the end of February, reflects a clear acceleration compared to January, when inflation was 6.2%. This level had not been recorded “since December 1986,” says the INE.
According to this public body, this dynamic is explained by the strong increase in “energy products” (+44.3% in one year) and “fuels and fuels” (+26.9%), which affected the economy as a whole Spanish.
The countries of the European Union have been confronted for several months, like other nations in the world, with a sharp acceleration in inflation due to the tensions caused in the markets by the start of the economy after the restrictions caused by covid-19.
This inflation particularly affects energy prices.
The phenomenon is today aggravated by the war in the Ukraine and the sanctions imposed on Russia, which triggered the prices of gas, oil, and some raw materials and food products.
Source: Ambito
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