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Euronews
Euronews
Quirino Mealha

Spain's inflation jumps to 3.3% as Iran war drives energy costs higher

Iran Spain Inflation Christine Lagarde ECB INE

Consumer prices in Spain have accelerated sharply in March, climbing to their highest annual rate since 2024 as the economic fallout from the Iran war begins to feed through to households and businesses, preliminary data from the Spanish National Statistics Institute (INE) shows.

The INE's flash estimate, released on Friday, puts headline inflation at 3.3%, a full percentage point higher than the 2.3% recorded in February, but below the 3.8% median estimated in a survey of economists.

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