The economy in stagflation: GDP slows to 0.2% in the third quarter and prices rise 7.3% in October

• The INE advances that the economic growth of the third quarter will be "around zero"

The

was already evident in the

of the year (from June to September), when the

grew by only

compared to the previous quarter, according to what the Institute advanced this Friday National Statistics (INE).

This drop in activity, together with the increase in prices -

suggests that the Spanish economy is already in a situation of

(stagnation with inflation).

The INE has advanced this Friday that after standing at 8.9% in September, the Consumer Price Index (

) registered a rise of 7.3% in October, more moderate than that of the previous month but still very worrying and far from the

that, according to the

determines price stability.

This data means that prices in Spain this October are 7.3% higher than a year ago.

In

terms , prices in October were

than in September.

Core

which measures the evolution of all prices in the economy except for those of energy products and food, as they are the most volatile, and which is an indicator of contagion from price increases, maintained the same year-on-year growth from the previous month, from

but was up 0.9% from September.

The experts already counted on this

, even more so after learning this Thursday that unemployment rose by 60,800 people in the summer, a period in which jobs are traditionally created.

The macroeconomic model of the Independent Authority for Fiscal Responsibility (

) forecast

for this quarter;

while the director of Statistical Products of the INE,

, had already anticipated last week that

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• INE

• GDP

• Crisis

• Inflation

• Articles Alejandra Olcese