Inflation Pinching Spanish Consumers
Inflation Pinching Spanish Consumers

Inflation Pinching Spanish Consumers

Inflation Pinching Spanish Consumers

A tentative sign that inflation may be pinching the Spanish consumer. A measure of retail sales in Europe’s fourth largest economy fell for the first time since 2014 at the start of the year–its first contraction after 28 consecutive months of growth, Bloomberg reported. Month on month retail sales fell 0.1% in January after a 0.9% expansion at the end of 2016 and were up just 0.1% on a year-on-year measure. Economists had expected sales to be 2.5% highest in January compared to the same month in 2016. The surprise dip comes as Spain’s inflation rate has surged above 3% in 2017–a far higher acceleration in prices than seen in the eurozone’s other major economies in recent months. Higher inflation threatens to choke off Spain’s impressive economic recovery following a deep recession in 2012/2013. The economy expanded at a 0.7% quarterly pace at the end of the year, up 3% on a year on year measure.


Short URL : https://goo.gl/Wc2K3z
  1. https://goo.gl/3E61JO
  • https://goo.gl/U7oaMA
  • https://goo.gl/VMhPKe
  • https://goo.gl/JQFgiB
  • https://goo.gl/22sdYr

You can also read ...

Shifting transactions from cash to digital payments holds great promise for  individuals, businesses and governments.
More than 23% of the world's economy operates out of sight of...
Federal Reserve Board Chairman Jerome Powell speaks during a hearing before the Senate Banking, Housing and Urban Affairs Committee.
US Federal Reserve Chairman Jerome Powell said protectionism...
India Launches 888 Anti-Dumping Probes
The Indian government has initiated as many as 214 anti-...
Fitch Retains Philippine  Debt Rating
Global debt watcher Fitch Ratings kept the Philippines’...
The warnings come amid a period of financial uncertainty for the world.
US officials who helped the country survive the 2008 financial...
EU to Fine Google $5 Billion
Google will be fined about €4.3 billion ($5 billion) by the...
UN to Help Rebuild Gaza Economy, Create Jobs
Against the backdrop of rapidly rising tension, violence,...
Africa Next Frontier for Crypto
Cryptocurrency is not bound by geography because it is...

Add new comment

Read our comment policy before posting your viewpoints