Spain sees highest inflation in nearly 40 years ...News

Russia Today - Economy
Spain sees highest inflation in nearly 40 years
source : Russia Today ( News ) () 24
The government says the Ukraine crisis is to blame Inflation in Spain rose by 9.8% in March compared to the same month last year, according to preliminary data published by the National Statistics Institute on Wednesday. The rise in the consumer price index is the highest since May 1985, and the provisional figure for this month is more than two percentage points above the rate registered in February, the statistics office said, adding that inflation was driven by hikes in the price of electricity, fuel, food, and alcoholic beverages. “73% of the inflation can be explained by the runaway prices of energy and food

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