EU nation sees highest inflation since 1984 ...News

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EU nation sees highest inflation since 1984
The surge is triggered by higher electricity prices, along with price hikes for food and non-alcoholic beverages Annual inflation in Spain rose to 10.8% in July, hitting the highest level in 38 years, data published by the Spanish Statistical Institute (INE) on Friday shows. Despite significant drops in gasoline prices, soaring electricity and food costs led to a 0.6% rise in the inflation rate last month. The latest data confirms the INE’s preliminary outlook from late July. In July, prices for energy products in the country skyrocketed 41% year-over-year, while some basic food products were up by over 20%. Spani

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