AIRLINK 184.49 Decreased By ▼ -1.33 (-0.72%)
BOP 12.76 Increased By ▲ 0.17 (1.35%)
CNERGY 7.69 Increased By ▲ 0.56 (7.85%)
FCCL 41.20 Decreased By ▼ -0.26 (-0.63%)
FFL 15.12 Decreased By ▼ -0.22 (-1.43%)
FLYNG 26.58 Increased By ▲ 0.89 (3.46%)
HUBC 131.83 Decreased By ▼ -0.09 (-0.07%)
HUMNL 14.09 Decreased By ▼ -0.11 (-0.77%)
KEL 4.50 Decreased By ▼ -0.12 (-2.6%)
KOSM 6.39 Increased By ▲ 0.18 (2.9%)
MLCF 51.71 Increased By ▲ 0.58 (1.13%)
OGDC 208.88 Decreased By ▼ -4.45 (-2.09%)
PACE 6.27 Decreased By ▼ -0.43 (-6.42%)
PAEL 42.08 Increased By ▲ 0.61 (1.47%)
PIAHCLA 16.62 Decreased By ▼ -0.10 (-0.6%)
PIBTL 9.08 Increased By ▲ 0.41 (4.73%)
POWER 11.27 Increased By ▲ 0.37 (3.39%)
PPL 172.86 Decreased By ▼ -3.90 (-2.21%)
PRL 35.07 Decreased By ▼ -0.57 (-1.6%)
PTC 24.44 Decreased By ▼ -0.38 (-1.53%)
SEARL 95.28 Decreased By ▼ -2.04 (-2.1%)
SILK 1.13 Increased By ▲ 0.01 (0.89%)
SSGC 34.18 Increased By ▲ 2.72 (8.65%)
SYM 17.72 Decreased By ▼ -0.31 (-1.72%)
TELE 8.27 Increased By ▲ 0.01 (0.12%)
TPLP 11.67 Decreased By ▼ -0.03 (-0.26%)
TRG 60.48 Increased By ▲ 0.42 (0.7%)
WAVESAPP 11.53 No Change ▼ 0.00 (0%)
WTL 1.46 Decreased By ▼ -0.03 (-2.01%)
YOUW 4.01 Increased By ▲ 0.10 (2.56%)
AIRLINK 184.49 Decreased By ▼ -1.33 (-0.72%)
BOP 12.76 Increased By ▲ 0.17 (1.35%)
CNERGY 7.69 Increased By ▲ 0.56 (7.85%)
FCCL 41.20 Decreased By ▼ -0.26 (-0.63%)
FFL 15.12 Decreased By ▼ -0.22 (-1.43%)
FLYNG 26.58 Increased By ▲ 0.89 (3.46%)
HUBC 131.83 Decreased By ▼ -0.09 (-0.07%)
HUMNL 14.09 Decreased By ▼ -0.11 (-0.77%)
KEL 4.50 Decreased By ▼ -0.12 (-2.6%)
KOSM 6.39 Increased By ▲ 0.18 (2.9%)
MLCF 51.71 Increased By ▲ 0.58 (1.13%)
OGDC 208.88 Decreased By ▼ -4.45 (-2.09%)
PACE 6.27 Decreased By ▼ -0.43 (-6.42%)
PAEL 42.08 Increased By ▲ 0.61 (1.47%)
PIAHCLA 16.62 Decreased By ▼ -0.10 (-0.6%)
PIBTL 9.08 Increased By ▲ 0.41 (4.73%)
POWER 11.27 Increased By ▲ 0.37 (3.39%)
PPL 172.86 Decreased By ▼ -3.90 (-2.21%)
PRL 35.07 Decreased By ▼ -0.57 (-1.6%)
PTC 24.44 Decreased By ▼ -0.38 (-1.53%)
SEARL 95.28 Decreased By ▼ -2.04 (-2.1%)
SILK 1.13 Increased By ▲ 0.01 (0.89%)
SSGC 34.18 Increased By ▲ 2.72 (8.65%)
SYM 17.72 Decreased By ▼ -0.31 (-1.72%)
TELE 8.27 Increased By ▲ 0.01 (0.12%)
TPLP 11.67 Decreased By ▼ -0.03 (-0.26%)
TRG 60.48 Increased By ▲ 0.42 (0.7%)
WAVESAPP 11.53 No Change ▼ 0.00 (0%)
WTL 1.46 Decreased By ▼ -0.03 (-2.01%)
YOUW 4.01 Increased By ▲ 0.10 (2.56%)
BR100 11,925 Decreased By -60 (-0.5%)
BR30 35,736 Decreased By -186.7 (-0.52%)
KSE100 113,862 Decreased By -665.8 (-0.58%)
KSE30 35,401 Decreased By -298.1 (-0.84%)

MADRID: Spanish inflation accelerated in November to its highest level in nearly three decades on the back of rising food and gas prices, official data showed Monday.

Consumer prices jumped by 5.6 percent, up from a 5.4 percent increase in October, according to preliminary figures from national statistics institute.

That is its fastest pace since September 1992, when the rate was 5.8 percent.

The surge in inflation in the eurozone's fourth-largest economy was due largely to a spike in food prices, followed by higher gas prices, the statistics office said.

Electricity costs, however, declined slightly after a month-long acceleration, it added.

As in other European Union nations, inflation in Spain has risen since the start of the year after consumer prices declined during most of 2020 due to the economic impact of pandemic lockdowns.

World food prices hit new 10-year high in October: FAO

In October, eurozone inflation reached 4.1 percent, well above the European Central Bank's target of two percent and equal to a high set in July 2008.

But the bank believes eurozone inflation will peak in November and is set to gradually slow next year as supply bottlenecks and the energy crunch ease, board member Isabel Schnabel said earlier this month.

Investors worry central banks will withdraw their stimulus measures sooner than expected to tame inflation.

Comments

Comments are closed.