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ناظورسيتي
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Spain's July inflation hits 3.6%
Inflation rates in Spain rose to 3.6% on an annual basis in July, surpassing expectations, due to a 6.2% increase in transportation costs and a 5.7% rise in housing prices, putting pressure on household budgets. The Harmonized Index of Consumer Prices (HICP) according to EU standards also increased to 3.9%, with core inflation reaching 3%, while monthly prices went up by 0.3%. These figures indicate a continued rise in the cost of living, especially in the housing, energy, and transportation sectors, reflecting the inflationary pressure faced by Spanish households.
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