Economics

Spanish Inflation Unexpectedly Soars to Almost 10% on War

  • Prices jumped 9.8% in March -- the most in nearly 40 years
  • Economy to be among Europe’s worst hit by energy shock
WATCH: Saxo Bank expects a “dramatic change of policy” from the ECB this year.Source: Bloomberg
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Spanish inflation surged at the fastest rate in almost four decades, outstripping expectations as Russia’s war in Ukraine sends already lofty energy bills higher still.