Inflation rate surpasses 10% in Spain for first time since 1980s

“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)