Spanish inflation accelerates on higher fuel prices ...News

Price growth jumped to 5.8% in January, due to a further rise in core inflation Inflation in Spain jumped in January after six months of slowing price growth, data released by the National Statistics Institute (INE) on Monday showed. Rising fuel prices were the culprit behind the higher reading.    Consumer prices soared by 5.8% from the same month a year ago, up from the previous month’s 5.5% increase, and well above the market consensus forecast of 4.9%.    The INE said the price increases came after the government ended its blanket subsidy on all fuels, while the prices of clothes and shoes did not fall as fast

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