Spain's CPI has reached 4.3% in August, driven by the rise in fuel prices, which increased by 46.4%. This increase has generated pressure on the Government to reactivate fiscal aid.
Inflation in Spain accelerated to 4.3% in August, a rise of 0.7 points compared to the previous month, as a result of the sharp increase in energy prices. This figure, published by the INE, highlights the impact of the Middle Eastern war on energy prices, leading to a significant rise in fuel costs.
In August, liquid fuels collectively increased by 46.4%, representing a rise of 14.9 percentage points compared to July. The price of diesel rose by 30.3%, while petrol increased by 16.9%, despite the 10-cent rebate applied to the Hydrocarbons Tax.
This price increase is generating a growing call for the Government to reactivate support fiscal measures. According to data, the average price of 95 octane petrol exceeded 1.88 euros per litre, and gas oil A was around 1.86 euros, despite the tax rebates.
The Ministry of Economy has acknowledged the need to act, with Minister Carlos Cuerpo stating: "We will not stop supporting families in the face of rising" prices. This suggests that new relief measures may be implemented to mitigate the impact on Spanish households.
Aside from fuels, other essential products have also seen significant price increases, such as fresh berries, which rose by 35.57%, and eggs, which increased by 12.5%. Overall, food prices rose by 2.5% in August.
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