From eToro they shared an analysis with Cointelegraph in Spanish about the inflation of February in Spainit was carried out by Javier Molina, Senior Market Analyst.
Xavier explained: “While waiting for the definitive inflation data in Spain, the advanced data once again shows that inflation continues to rise and, contrary to what was expected, it is not under control. Headline inflation stands at 6.1% and core inflation at 7.7%, which represents a rise of two tenths and reaches maximum levels since 1986”, he also added: “Electricity continues to rise compared to what happened in previous months, as well as food and non-alcoholic beverages. For its part, fuels are pulling down a bit, although this is not expected to continue helping from now on.”.
The Market Analyst stressed: “This situation implies that interest rates will continue to rise in Europe. Specifically, the ECB will carry out a rise of 0.5 basis points in March and, probably, we will see similar increases in the next meeting”.
Finally, he concluded:It is an environment of high prices that They can generate in the longer term, a decrease in consumption, an increase in costs and lead to a recession”.
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