Spain Inflation Quickens in First Peek of Key Data for ECB
- National reports precede Thursday release of euro-zone numbers
- Officials say inflation data are crucial for ECB rate decision
Shoppers at a fishmongers stall in Sant Antoni market in Barcelona, Spain.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
Spanish inflation quickened again in the first of a string of reports from around the region that will help European Central Bank officials judge whether to keep raising interest rates.
Consumer prices rose 2.4% in August from a year earlier, up from 2.1% the prior month, driven by fuel costs, the country’s statistics agency said on Wednesday.