Spain remains among the EU countries with the highest inflation and will rise in March due to the lack of government measures

The

recorded in Spain in February, when Vladimir Putin had not yet launched his invasion of Ukraine, places the country as one of the countries with the

,

a

that

due to rising gas prices and

According to

data published this Thursday,

(6.2% in February) and

(5.9%), due to the significant

that exist with other markets close as

(where the CPI rose

in February) or

(where the rise was

).

Our neighboring country has spent months enjoying an inflation that is practically half that of Spain, despite the similarities in both energy markets.

In

, prices rose 5.5% in February;

in

, 5.7%;

in

, 6.2%;

in

, 6.3%;

and in

7.3%.

However, Spain is not the continental leader in inflation, but is surpassed by

(9.5%) and the

, which have suffered a sharp rise in prices.

Lithuania

is the European country with the biggest inflation problem (14% in February), followed by Estonia (11.6%), the Czech Republic (10%), Latvia (8.8%),

(8.4% ), Bulgaria (8.4%), Slovakia (8.3%),

(8.1%), Romania (7.9%) and Luxembourg (7.8%).

Far from improving in March,

among European countries

, due to the fact that the Government has decided

that will contain the price of electricity, gas and electricity. Petroleum.

Its impact on inflation will not be registered until

, compared to the measures approved in other European countries in which the incidence will already be perceived this month.

The Executive is working on

grant

to those most affected by higher prices (a measure that would have no impact on inflation), approve

and

, which would reduce the final price paid by consumers and yes it would serve to contain the index.

The delay in taking measures will not only prevent the situation from being fixed, but could

In fact, the

that transporters are carrying out to protest the rise in gasoline is already causing shortages of some basic goods, which in turn generates price increases for the little gender that is available.

Average inflation of 7.8% in 2022

Although the rise in prices began last year, long before Russia unleashed the war in Ukraine, it is true that

and has forced inflation forecasts for this year to be updated upwards.

panel of economists

revised its

although some of the study services that make up the panel were even more pessimistic and were already talking of an

in the twelve months (more than double that of 2021, which was 3.1%).

The consensus, at 5.4%, is

because some of the panel members have not submitted their most up-to-date projections.

In fact, the lowest forecast is 3.2% for Spain, a figure that has already been widely exceeded by the expectations of

which forecasts

that could reach up to

if the conflict becomes entrenched.

Given the gap between national and European inflation, an average inflation of around 3% for our country is out of the question.

"

stemming from higher commodity prices and bottlenecks,

, making the inflation outlook even more uncertain. The median forecast for the headline inflation rate in 2022 has been raised by 1.9 percentage points to 5.4%, and the core figure stands at 2.8%, eight tenths more than in the previous consensus", explained Funcas.

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Know more

• Europe

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• Vladimir Putin

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CPIThe INE corrects itself and announces that inflation grew by 7.6% in February, the highest rise since 1986

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