Inflation in Spain Hits 37-Year High

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The INE data showed that core inflation, which strips out volatile food and energy prices, climbed to 5.5% year-on-year from 4.9% a month earlier, the highest since August 1993.

“The news of the last few weeks is not positive … Russia’s gas and oil export cuts are accelerating rising energy prices,” Economy Minister Nadia Calvino told parliament last week, according to Reuters.






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