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Europe's Energy Shock Fuels 5% Inflation in Spain, ECB Faces Dilemma

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Medium 7/10Eurozone inflation European Central Bank policy

Europe's Energy Shock Fuels 5% Inflation in Spain, ECB Faces Dilemma

Europe is experiencing another energy-driven inflation shock, with September data revealing accelerating price increases across the euro area. Spain's harmonized inflation rate surged to 5.0%, its highest in years, primarily driven by rising fuel and lubricant costs.

September 30, 2026Published 2 hours ago