14 Oct, 2022 @ 13:30
1 min read

Spain’s Finance Minister says inflation rate fall is accelerating

Spain's Finance Minister says inflation rate fall is accelerating
Cordon Press image

SPAIN’S Finance Minister, Nadia Calvino, has said that the country’s inflation rate fall is accelerating.

In an interview with the Reuters news agency, Calvino said that after September’s inflation rate fell below 9%, she was optimistic that further reductions would continue during the autumn.

Calvino is in Washington for meetings of the World Bank and the IMF, and she’s the chairperson of the IMF steering committee.

“We just got the very good news that the final inflation number for September is below 9%, and so the downward trend that started during the summer is accelerating,” Calvino told Reuters.

She added that inflation had begun to slow over the summer and latest figures suggested more falls..

“That downward trend should continue in the coming months, provided that energy prices worldwide do not go up significantly,” Calvino said.

Spain saw its highest inflation rate since the mid-eighties during the summer, peaking at 10.8% in July.

Projections suggest a 3% rate sometime in 2023.

READ MORE:

Alex Trelinski

Alex worked for 30 years for the BBC as a presenter, producer and manager. He covered a variety of areas specialising in sport, news and politics. After moving to the Costa Blanca over a decade ago, he edited a newspaper for 5 years and worked on local radio.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2 bedroom Townhouse for sale in Ciudad Quesada with pool - € 125
Previous Story

2 bedroom Townhouse for sale in Ciudad Quesada with pool – € 125,000

High Speed Police Chase Uncovers Big Indoor Marijuana Farm In Spain's Valencia Area
Next Story

High-speed police chase uncovers big indoor marijuana farm in Spain’s Valencia area

Latest from Business & Finance

Woman in Spain's Valencia tricked out of €30,000 by online romance scam

Affiliate Marketing Tips and Strategies

When it comes to spreading the word about products and services online, there is a powerful strategy that involves collaborating with like-minded individuals and organizations.
Go toTop

More From The Olive Press