Spain's inflation picture stays the dominant force, with EU-harmonised price growth hitting a fresh high in September and reinforcing expectations that the ECB will keep rates high
Spain's inflation picture stays the dominant force, with EU-harmonised price growth hitting a fresh high in September and reinforcing expectations that the ECB will keep rates higher for longer. The consumer side is showing strain, as retail sales fell for a second straight month, suggesting households are feeling the squeeze from elevated costs. On policy, Madrid capped the next regulated gas price increase for households, offering some relief even as the broader inflation and housing debates keep political pressure simmering.
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