LATEST: Inflation stands at 3.2% in April while core inflation rises to 2.8% due to the war
In breaking news, the following story has emerged from the international scene.
The keys Generated with AI General inflation stood at 3.2% in April, two tenths less than in March, according to the INE. The moderation of inflation is due to the drop in electricity prices and a lower increase in tourist packages. Fuel prices continue to put upward pressure due to the impact of the war in Iran. Core inflation rose one tenth and reaches 2.8%, while the harmonized CPI stands at 3.5% year-on-year. Inflation moderates to 3.2% in April, two tenths less compared to March. This was announced this Wednesday by the National Institute of Statistics (INE). The statistical agency has explained that the moderation of inflation has been influenced by the decrease in electricity prices, which decreased more than in April 2025, and the evolution of the prices of tourist packages, which increased, but less than in the same month of the previous year. However, fuels continue to be the product with the most upward pressure, reflecting the persistence of the external shock derived from the war in Iran. On the other hand, interannual underlying inflation, which excludes energy and unprocessed food, rises one tenth to 2.8%. The Ministry of Economy highlights that “the response plan approved in Congress and in force since March 20 is fulfilling its main objective: that the external shock of the war is not permanently transferred to either inflation or the purchasing power of households.” “Spain is, since the beginning of the conflict, the third country in Europe where there has been the least prices of the wholesale electricity market have grown. This demonstrates the additional element of energy sovereignty and protection that the current energy mix in Spain and the high presence of renewables entails,” remarked the first vice president and Minister of Economy, Commerce and Business, Carlos Body. In monthly terms, the CPI rose by 0.4%, moderating by eight tenths the increase experienced in March, of 1.2%. With the increase in April, monthly inflation has accumulated three consecutive months of increases. The harmonized CPI (IPCA) increased its interannual rate by one tenth in April, up to 3.5%, with a monthly variation of 0.7%. The underlying inflation of the IPCA is estimated at 3.1% for the fourth month of the year, according to Statistics.
Editor’s Insight:
This development could have far-reaching consequences for global politics in the months ahead.
The implications of this story extend beyond borders and could affect millions of people globally.
Stay tuned for more updates as this story continues to unfold.
Source: This article was originally published in another language by El Español – Home and has been translated and adapted for our global English-speaking audience. Read the original article here.