Inflation in Spain skyrockets to 7.6% in February, highest rate in 35 years

This is attributed to the generalized price increase, but especially electricity, food, drinks, and fuel prices in February 2022.

Electricity, gas, and other fuels cost is 54.7% more expensive than a year earlier.

Indeed, the cost of electricity is soaring. On Tuesday, wholesale prices hit their latest record by reaching an average of €544.98/MWh, breaking the previous day’s all-time high, according to the Iberian Electricity Market Operator (OMIE).

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