Photo: elpais.com
The cost of living has been rising for eight months
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The rise in prices in the country is associated with an increase in the cost of electricity, fuel, gas and lubricants.
In Spain, prices rose 5.5% in October compared to 2020. This is the highest level since September 1992. Prices have been creeping up in the country since March of this year, writes The country citing data from the National Statistical Institute (INE).
“The cost of living has been on the rise for eight months due to high electricity and fuel prices, recovery in consumption and problems in global supply chains during the pandemic,” the INE study said.
Experts add that this growth is primarily due to an increase in the cost of electricity and, to a lesser extent, fuel, gas and lubricating oils.
Inflation rate in eurozone countries peaks in 13 years
We add that products for the year have risen in price by a quarter… Most of all producers raised sugar prices – by 65%. And industrial products have risen in price by an average of 45%.
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