Fuel Costs Push Spanish Inflation To 21-Month High

A file photo of a nozzle pump.   Spanish inflation jumped to a 21-month high of 3.4 per cent in March as the Middle East war caused fuel prices to spike, revised data showed on Tuesday. Advertisement googletag.cmd.push(function() { googletag.display("div-gpt-ad-1672569656851-0"); }); Transport costs increased 5.3 per cent year-on-year due to higher prices for fuel and lubricants for personal vehicles, statistics office INE said in a statement, revising upwards a preliminary March inflation estimate of 3.3 per cent. Housing, clothing, and footwear prices also contributed to the figure, the highest since June 2024, when inflation also hit 3.4 per cent.   READ ALSO: Intergovernmental Deal On $25bn Nigeria-Morocco Gas Pipeline Due This Year Advertisement googletag.cmd.push(function() { googletag.display("div-gpt-ad-1672569913499-0"); }); Iran closed the Strait of Hormuz, a commercially critical waterway for oil, gas, and fertilisers, after US-Israeli strikes triggered the war on February 28, unleashing turmoil for global energy markets. Spain’s leftist government put in place measures worth five billion euros ($5.9 billion) to cushion the blow on households and businesses, including tax cuts and a direct subsidy for the hardest-hit sectors.   AFP Advertisement googletag.cmd.push(function() { googletag.display("div-gpt-ad-1672587799169-0"); }); Join Our Whatsapp Channel To join: Simply click on the link below & turn on notifications to get the latest updates Subscribe to Our Newsletter In This Article: Economy Inflation Spain More Stories IMF Cuts Mideast, North Africa Growth Forecast To 1.1% Over Iran War China’s Exports Slowed In March, Imports Soared Nigeria’s Economy In Shock – Edun /* * * CONFIGURATION VARIABLES: EDIT BEFORE PASTING INTO YOUR WEBPAGE * * / var disqus_shortname = 'channelstelevision'; // Required - Replace example with your forum shortname / * * DON'T EDIT BELOW THIS LINE * * */ (function() { var dsq = document.createElement('script'); dsq.type = 'text/javascript'; dsq.async = true; dsq.src = '//' + disqus_shortname + '.disqus.com/embed.js'; (document.getElementsByTagName('head')[0] || document.getElementsByTagName('body')[0]).appendChild(dsq); })(); Please enable JavaScript to view the comments powered by Disqus.

SOURCE: https://www.channelstv.com/2026/04/14/fuel-costs-push-spanish-inflation-to-21-month-high/