La inflación en España cae a mínimos de más de un año debido a la disminución de los precios de los alimentos.

Spain’s inflation drops to 2.3% in August, below analyst forecasts but still above the EU average. The decrease was due to slower growth in food, non-alcoholic drinks, alcohol, tobacco, and clothing costs, while recreation, housing, and utilities prices increased. However, productivity remains a challenge, with disappointing business investments and skill shortages cited as contributing factors. Regulatory barriers for small and medium-sized enterprises and limited access to funding further hinder growth. Despite these challenges, the Spanish economy has shown resilience, with the IMF projecting 2.4% growth in 2024. The labor market has improved, with a decrease in temporary workers and unemployment. Risks, including political fragmentation and energy price volatility, remain but are balanced with the potential for inflation to reach the target set by the ECB by mid-2025. The overall outlook is positive, despite ongoing productivity concerns.

Source
Photo credit www.euronews.com