According to the latest data released by INE, Spain’s inflation rate sets new high in February, reaching 7.4%, the highest level since July 1989, more than four quarters than experts. In February, consumer price index rose by 1.2 percentage, food, non-alcoholic beverages and fuel prices have the most obvious, although the price level in February has declined but the decline is below February 2021.
According to experts predict, the inflation level in Spain will gradually fall after reaching the highest point in February. Previously, the oil price will gradually fall in March, and the electricity price will begin in April. However, these predictions will be largely affected by the Russian War War, and the energy price will be continuously increased.
It is understood that European natural gas and oil relies very dependent on Russia, 40% of the EU imported natural gas comes from Russia. The European Union’s deepest country in Russia is Germany, and its 55% of natural gas is relied in Russia. Spain is the country of Russia, Algeria and Qatar are the largest supplier in Spain in the EU. But this does not mean that the Wusu War has no effect on Spain’s economy, and the size of the Spanish economic impact will depend on the duration and war scale of the Russian War. Due to the large number of energy resources such as Russia, Spain is imported in front of the war, and the import of products in Ukraine is imported; the import of products in Spain will be affected, price or will rise, and drive other life necessities together.
Post time: Mar-02-2022