Spanish inflation rate is highest in EU at 4pc

17th August 2006, Comments 0 comments

17 August 2006, MADRID — Spain has had the highest rate of inflation in the European Union since last December, according to figures released on Thursday.

17 August 2006

MADRID — Spain has had the highest rate of inflation in the European Union since last December, according to figures released on Thursday.

A National Institute of Statistics report said the inflation rate was four percent, compared with the average EU rate of 2.4 percent.

According to prices for July, Spain's inflation rate was for the third month running 1.6 percent above the average.

In March, the differential between Spanish inflation and rates among the other 25 countries was 1.7.

Since last December, Spain has been the most inflationary country among the European Monetary Union.

But among the other countries in the EU, which do not belong to the eurozone, only the Czech Republic, Estonia, Letonia and Lithuania have higher rates of inflation.
 
Among eurozone countries, Greece has a rate of 3.9, Luxembourg 3.4, Ireland 2.9.

Below this, British and Belgian inflation stands at 2.4pc, Italy at 2.3pc, France and Portugal 2.2 pc and Germany at 2.1pc.

Those countries with the lowest rates are Austria (2pc), Holland and Finland (1.8pc and 1.4pc each).

[Copyright EFE with Expatica]

Subject: Spanish news

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