Spanish inflation soared to nearly -37year High due to higher energy prices after Russia invasion of Ukraine, official Wednesday’s data showed an increase in pressure on The government.
The rate jumped to 9.8% in March from 7.6% in February, p highest level since May 1985, according to a preliminary estimate by national Institute of Statistics INE.
“that it bad The number that affects economyEspecially more “Vulnerable groups … due to runaway energy prices,” Socialist Prime Minister Pedro Sanchez said. parliament.
as the rest of Europe, it was Spain struggling where last year with high energy prices, with families and companies struggling to pay electricity bills.
Since Russia invaded Ukraine on On February 24, oil prices soared, and Spain’s transport and agricultural sectors staged loud protests and strikes for demand help with Obstructed gasoline prices.
The spike in the prices in March was due to the increase in Electricity and fuel prices, but also by rise in The cost of food items Because of the war statistics office He said.
Sanchez government Tuesday approved plans To provide 16 billion euros ($17.5 billion) in Direct aid and loans for companies and families hit by effect of Russia invasion of Ukraine.
measures that will remain in place Until June 30, include a discount of 20 cents a liter of fuel, with The government Pay 15 cents and the rest fuel suppliers.
He. She also It includes 362 million euros in aid package for Agriculture and agriculture sector 68 million euros for Fishing and aquaculture industries have a 2% cap on Rental increases.
for families, over The next Three months, the rent increase will be limited to a maximum of 2%.
