Inflation rate surpasses 10% in Spain for first time since 1980s
The annual change in the flash estimate of the CPI stood at 10.2% in June, one point and a half more than the one registered in May, according to the National Institute of Statistics (INE).
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“This indicator provides a preview of the CPI which, if confirmed, would mean an increase of one point and a half in its annual rate, since in May this variation was 8.7%, and would be at its highest level since April 1985,” INE said.
“This evolution is mainly due to the increase in fuel prices, higher this month than in June 2021, and in food and non-alcoholic beverages, compared to the stability recorded last year. The increase in hotel, café and restaurant prices, higher than last year, also played a role,” it added. (ILKHA)
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After facing significant defeats on the battlefield, the Israeli war cabinet announced on Tuesday its decision to agree to a ceasefire with Lebanon.
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The death toll from the collapse of a four-story building in Kariakoo, Dar es Salaam’s bustling commercial district, has risen to 29, following the discovery of nine more bodies, a senior official announced Tuesday.
