• Forecasts The Bank of Spain warns: inflation will be even higher in 2022 and the Spanish recovery is "clearly less dynamic"

  • Inflation How we reached the highest price increase in three decades and why it threatens the recovery

Prices continue to skyrocket.

The CPI rebounded again in the last month of 2021,

reaching 6.7%

and continues

to reach

highs that had not been recorded since 1992. The year of the Barcelona Olympic Games and also the arrival of the AVE to Seville .

Almost 30 years later, in addition to Madrid considering organizing the same sporting event again and the high speed finally reaching Galicia as well, inflation is deepening at those exorbitant levels.

It is the figure that the advance data of the National Institute of Statistics (INE) throws up that "if confirmed, it would mean an increase of

more than one point in its annual rate

, since in the month of November this variation was 5.5 % ", explains the organism itself.

"In this behavior

, the rise in the price of electricity stands out

, higher this month than in December 2020. The increase in food prices also influences, although to a lesser extent, compared to the decrease registered last year", develops the INE in the note published this Thursday. "It should also be noted, although in the opposite direction, the drop in the prices of fuel and lubricants for personal vehicles, which increased in 2020," he adds.

The Bank of Spain has already warned that inflation would continue to rebound during the winter, and that it will not be until spring when the data begins the reverse path.

But that moderation, he said, will not be enough for

the average inflation in 2022 to be even higher

than that of the year that ends in a few days.

According to the criteria of The Trust Project

Know more

  • Crisis

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CrisisThe Bank of Spain warns that the problems are multiplying for the Government: pandemic, bottlenecks, inflation and less consumption

CrisisThe poor growth in Spain prevents the Eurozone from recovering the level of GDP prior to the covid

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