Inflation & Prices
Spanish Inflation Up for Third Month as Energy Aid Ends
- Consumer prices rose 3.8% from year ago in May; est. 3.7%
- Inflation also quickened in Germany amid bumpy road to 2%
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Spanish inflation quickened for a third month as the rollback of government support to contain energy crisis continued to push prices higher.
May’s reading came in at 3.8% from a year ago, data published Thursday showed. That’s up from 3.4% in April and is a little higher than the 3.7% median estimate in a Bloomberg survey of economists.