Editorial: La Vanguardia

• Inflation in August has shown a moderation in its rate of increase, marking a 2.2% annual rate.
• This moderation has been due mainly to the decrease in the price of fuels and non-alcoholic food and beverages.
• The Spanish Government considers this data as proof of the effectiveness of its economic measures.
• Inflation in Germany has also dropped, putting pressure on the European Central Bank to lower interest rates.
• Inflation excluding fuels and fresh food remains at 2.7%.

Conclusion: The moderation of inflation is a positive signal for the economy, but life remains expensive especially in terms of food. Certain economic and social policies must take this fact into account.

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