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Business 29/06/2022

Inflation soars to 10.2% in June, the highest since 1985

Prices increased by one and a half points over the previous month, according to the INE

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A user filling up with gasoline at a gas station in Barcelona.

BarcelonaThe year-on-year rate of the consumer price index (CPI) soared to 10.2% in June, according to data released on Wednesday by the National Statistics Institute (INE). This rebound in the indicator represents an increase of one and a half points over the previous month. It is the highest it has been since April 1985.

The agency has highlighted that this increase in prices is explained by the rise in fuel costs, compared to June last year, as well as those of food and non-alcoholic beverages.

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