Spain Experiences Accelerated Inflation Rate in November 2024
In a recent development that has caught the attention of economists and consumers alike, Spain's inflation rate has seen a notable increase in November 2024. This surge, while unexpected, is largely attributed to specific economic factors and base effects from the previous year.
Current Inflation Figures
As of November 2024, Spain's year-on-year inflation rate has risen to 2.4%, marking a significant jump from the 1.8% recorded in October. This increase exceeds market expectations, which had forecasted an inflation rate of 2.3% for the month[2][3].
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