Inflation stands at 10.4% in August and tenses the conflict over the increase in wages in Spain

• Families tightened their belts already in July: they saved 6% more due to fear of autumn

The

(CPI) shot

a rate four tenths more moderate than that registered in July but still a record since the 1980s, and which means that prices in the country They have been

this month than in the same period last year, according to what the INE has advanced this Tuesday.

Although the annual rate falls compared to July, prices rise sharply in August.

The

rate , which measures the evolution of the prices of all goods and services except energy products and food, increased three tenths in August to stand at

the highest level since

The The increase in this indicator demonstrates

to the rest of the products in the shopping basket.

As explained by the INE, the year-on-year rate of inflation slowed in August compared to July, mainly due to "the drop in fuel prices, which rose in August 2021, and, to a lesser extent, the drop in liquid fuels, greater than that registered the previous year", although "

In fact, in monthly terms,

those that existed in the country in

After rising

, prices moderate their upward trend in the country, but

on account of a

.

The former have already threatened mobilizations in September if the CEOE does not agree to raise wages and ratify that recommendation in a new Collective Bargaining Agreement, a warning supported by the Minister of Labor,

, who in turn has already announced which will raise the Interprofessional Minimum Wage (SMI) again.

,

for their part, are reluctant to a new increase in costs -in this case labor- that they believe that many firms -mainly SMEs- will not be able to bear, and accuse Díaz of campaigning with this debate.

figure

known today will heat up the conflict even more, since as inflation rises in the country, the

suffered by workers worsens -compared to other groups such as

, whose source of income will rise as to the average CPI- and the

that impacts companies.

Organizations such as the US rating agency

have already warned that inflation will continue to climb this quarter until it

Since then, it will go down little by little until it reaches reasonable levels at the end of 2023.

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