Spain's Inflation Surges to 4.3% in August, Highest Since 2023
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Spain's consumer price inflation surged to 4.3% in August, its highest level since early 2023, driven by a sharp increase in fuel prices due to the energy crisis exacerbated by the war in the Middle East. The underlying inflation rate, which excludes energy and food prices, eased to 2.9%. The Ministry of Economy highlighted that food inflation remained contained at 2.3% year-on-year, despite the energy peak.
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