Inflation in Spain back to single digits

The Brussels Times

Belgium, (Brussels Morning Newspaper) Latest data from the Spanish National Statistics Institute (INE) shows that annual inflation stood at 8.9% in September.

The rate dropped from 10.5% in the period up to August and is slightly lower than the 9-percent flash estimate from earlier this month, according to Reuters reporting on Friday.

INE pointed out that, while lower than in previous months, inflation remained high as price of electricity continued to soar.

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