Spain’s annual inflation hits 10.8% in July, highest since 1984
ANKARA. KAZINFORM Spain's annual inflation rose to 10.8% in July, above market expectations of 10.6%, hitting the highest level since 1984, official data showed, Anadolu Agency reported.
The increase in inflation is largely driven by the rising cost of food and non-alcoholic beverages, and electricity.
The figure was 10.2% in June.
Spain’s National Statistics Institute said housing increased its variation by four points to 23%.
Prices of food and non-alcoholic beverages also surged to 13.5%, the highest since January 1994.
Excluding cost of food and energy, core inflation rose to 6.1%, the highest since January 1993.