An expensive Christmas - Today News Post

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An expensive Christmas - Today News Post News Post || Euro News:

I guess it was invitable, another strain, but the timing could not have been worse.

01-12-2021Luca Piergiovanni – CB – EFE – E

Spanish inflation has reached its highest peak for the past three decades on the back of rising food and gas prices and this is going to hit the high streets as we enter the run up to the festive seasonhas not been warmly welcomed b.

Consumers are already complaining about the rising price of food and natural resources but add to that the threat of the national strike by transport companies in Spain and a lack of stock due to the Covid slow down in manufacturing in China and prices could go up further before they come. Consumer prices jumped by 5.6 per centis permitted, with cohorts., up from a 5.4 per cent increase in October, according to preliminary figures from national statistics institute.

As in other European Union nations, inflation in Spain has risen since the start of the year after consumer prices declined during most of 2020 due to the economic impact of pandemic lockdownsbut those numbers will double ove.

In October, eurozone inflation reached 4.1 per cent, well above the European Central Bank’s target of two percent and equal to a high set in July 2008.

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