Fantastic news for Spain. Long may the inflation fall.
i expect inflation rate to fall by a lot in most European countries due to strong base year effects,because March 2023 is compared to March 2022,which saw sky high increases in oil and gas prices
still,3.3% inflation is impressive
Bro because they actually produce something.
How does inflation rate like that work? If its 3.3% in March alone, does that mean prices increase more than 30% a year still if this continues? Or does it mean prices have come down 7.5% since the 10.8% in July?
Great news for Spain!
Good job Spain!
This is very strange, haven’t they changed the way they calculate things? Seems too abrupt and actually a very bad economic sign if its slowing down that fast.
The 12-month inflation rate in Spain fell in the second half of 2022 to 5.7% in December after peaking at 10.8% in July, though the rate then inched up and was at 6.1% in the period through February.
Living in Spain your bank account will tell you it’s far from 3.3%
Afaik inflation is calculated by comparing the same month from two years, so in this case March 2022 to March 2023. Last year in March we had an abrupt increase in inflation following the start of the Ukrain-war, which set the baseline much higher compared to the months before. So this isn’t much of a surprise.
PS: Interesting that I get downvoted for this… but… why?
normally i hate graphs not starting at zero but in this case its a well starting point,since inflation below 2% is the target of ECB
how
Poland, on the other hand…
Sweden still being at record high inflation and probably wont go down until sometime early 2024. Recession is expected to hold until 2026.. I love it when the government is doing fuck all.
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source: [https://tradingeconomics.com/spain/inflation-cpi](https://tradingeconomics.com/spain/inflation-cpi)
Fantastic news for Spain. Long may the inflation fall.
i expect inflation rate to fall by a lot in most European countries due to strong base year effects,because March 2023 is compared to March 2022,which saw sky high increases in oil and gas prices
still,3.3% inflation is impressive
Bro because they actually produce something.
How does inflation rate like that work? If its 3.3% in March alone, does that mean prices increase more than 30% a year still if this continues? Or does it mean prices have come down 7.5% since the 10.8% in July?
Great news for Spain!
Good job Spain!
This is very strange, haven’t they changed the way they calculate things? Seems too abrupt and actually a very bad economic sign if its slowing down that fast.
The 12-month inflation rate in Spain fell in the second half of 2022 to 5.7% in December after peaking at 10.8% in July, though the rate then inched up and was at 6.1% in the period through February.
Living in Spain your bank account will tell you it’s far from 3.3%
Afaik inflation is calculated by comparing the same month from two years, so in this case March 2022 to March 2023. Last year in March we had an abrupt increase in inflation following the start of the Ukrain-war, which set the baseline much higher compared to the months before. So this isn’t much of a surprise.
PS: Interesting that I get downvoted for this… but… why?
normally i hate graphs not starting at zero but in this case its a well starting point,since inflation below 2% is the target of ECB
how
Poland, on the other hand…
Sweden still being at record high inflation and probably wont go down until sometime early 2024. Recession is expected to hold until 2026.. I love it when the government is doing fuck all.