Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spanish economy sees inflation fall at last

Wed 14th Jul 2010

The economy in June saw inflation figures fall after three consecutive months of increasesa, however economists have indicated that the recent IVA increase will cause the prices index to increase once more in the very near future.

The Consumer Prices Index (IPC) increased by 0.2 per cent in June, but the year-on-year figures fell by 0.3 per cent a result which has cut fuel prices and led to cheaper transport, heating and electricity.

The main factors that caused an increase in the IPC last month were non-essentials such as alcohol and cigarettes, and leisure activities including package holidays.

Tobacco and drinks rose by a whole five per cent, and is the main element that has skewed the final result.

However, the recent increase in IVA is expected to see the current rate of inflation go up from 1.5 per cent to 1.9 per cent.

Unions have called for companies to attempt to absorb the IVA increase in a bid to avoid having to lay off employees due to a fall in business when their goods and services become too expensive.

Comment on this Story

 
Be the first to comment on this Story !!

Recommended Items

Related Articles

Related Blogs