对于西班牙而言，通胀率上升的主要原因是与2023年底能源和燃料成本的大幅下跌相比。今年，西班牙成功控制了通胀，成为经济增长最为强劲的经济体之一，尽管政府已取消部分物价保护措施，但其他措施仍在实施。The Spanish inflation rate accelerated for the first time since August, reaching 2.4%.
The Zhitong Finance App learned that Spain's inflation rate accelerated for the first time since August, reaching 2.4%, but this increase was mainly affected by the base effect and is not expected to interfere with the ECB's established interest rate cut plan. According to data released by the National Bureau of Statistics on Thursday, consumer prices in Spain rose significantly year on year in November. Compared with the 1.8% increase in October, this change is in line with economists' expectations.
In response, Bloomberg economists commented that despite adverse energy base effects, Spain and the wider Eurozone are expected to continue to push up the inflation rate in December, but this increase is considered temporary.
For Spain, the main reason for the rise in inflation is compared to the sharp drop in energy and fuel costs at the end of 2023. This year, Spain successfully controlled inflation and became one of the economies with the strongest economic growth. Although the government has lifted some price protection measures, other measures are still being implemented.
Spain's unemployment rate remained at its lowest level in 15 years, driving wage increases and service prices, which posed new challenges to the ECB.
Furthermore, Spain, as one of the major economies in the Eurozone, was the first to release inflation data this month, which indicates that inflation in the Eurozone may show a brief upward trend. Germany will also release its inflation data at 21:00 Beijing time tonight. Preliminary signs indicate that its price increase is accelerating.
ECB officials generally believe that inflation in the Eurozone will rise temporarily, and it is expected that the inflation rate will steadily reach the 2% target next year. Although Executive Committee member Schnabel warned that borrowing costs should not be cut excessively, the ECB still plans to cut deposit interest rates to 3% again within two weeks. This will be the fourth time this year.
According to information, Eurozone's November CPI data will be released at 18:00 Beijing time on Friday. Analysts expect the Eurozone's overall inflation data for November to reach 2.3%.
