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Europe’s Price Peak is ‘Very Close’, Says ECB’s Guindos

  • ECB’s Guindos sees inflation slowing in second half of 2022
  • Price advance in Spain comes in below expectations at 8.3%
Spain’s central bank has doubled its inflation projections for this year.

Spain’s central bank has doubled its inflation projections for this year.

Photographer: Emilio Parra Doiztua/Bloomberg
Updated on

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European Central Bank Vice President Luis de Guindos said he sees the peak of Europe’s price surge as being “very close” as German inflation hit a fresh high but Spain recorded a slowdown.