Inflation stood at 10.5% in August, one tenth more than forecast by the INE, and core inflation at 6.4%

• The Bank of Spain warns of the coming economic slowdown and high inflation for longer

The National Institute of Statistics (INE) has updated this Tuesday the

that Spain registered in

, which was

-on-year , three tenths below that registered in July but still above two digits, levels not seen in the country since the

The definitive data of the rise in the CPI for August, known this Tuesday, is somewhat more negative than what the INE had anticipated at the end of the month, when it pointed to an inflation of

for the eighth month of the year.

This means that prices in Spain in August were on average 10.5% more expensive than those registered in August 2021.

The

, which is used to measure the contagion of the rise in costs to the rest of the products in the shopping basket, rose by

Looking ahead to the coming months, the

is

and trusts that

gradually slow down and that it has already reached its peak.

The measures approved to date and the containment of the monthly rate support his theory.

However, the

warned this Monday in its first assessment of the economy after the summer that Spain will experience a period of

, to which are added other challenges such as an economic slowdown and the recovery of employment and activity levels prior to the pandemic.

Despite the fact that the CPI is skyrocketing, the

insists that

, due to the prices of energy and other components that our producers buy abroad, which is why they look in another indicator,

which measures the evolution of domestic prices and which rose 3% in the second quarter.

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