Editorial: La Vanguardia

• Prices in Spain increased by 2.8% in July compared to the previous twelve months, slightly above the eurozone average.
• Core inflation in July was equal to the general CPI rate (2.8%).
• Economic growth in Spain is higher than in the rest of the major eurozone countries, indicating a robust economy capable of adjusting its costs and maintaining competitiveness.
• The reduction in electricity prices was a determining factor in the moderation of prices.
• The elimination of the VAT on olive oil reduced the increase in food prices by 1.1%.
• Inflation below 3% could create a positive juncture for wage increases.
• The European Central Bank can continue lowering interest rates if the increase in prices in Spain and the rest of the eurozone is contained.

Conclusion: Despite inflation, the economic data presented indicate a positive evolution of the Spanish economy. However, geopolitical conditions and changes in energy costs can influence future economic developments.

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