Prices rose due to the increase in energy and food, but the government is not ruling out further measures for the time being
Prices hit their highest numbers in February since November 2022, with inflation two-tenths higher than in January to 6.2%. According to data released by the INE this Tuesday, electricity and food surges in February compared to the same month in 2022. In addition, core inflation – which does not account for energy or fresh food – continued to skyrocket for a month more, to 7.7%, his all-time record.
At the moment, the government is not considering taking any more measures than the VAT reductions on certain products that have been introduced since 1 January. Yesterday, during her visit to the Mobile World Congress in Barcelona, economic vice president Nadia Calviño assured that the fiscal measures would make their “journey” and that prices would not fall overnight.
In addition, he indicated that the European Central Bank (ECB) is the one that has the “European competence” in the field of inflation to take the necessary measures to appease this rate.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
