Urgent.News

600+ sources. One page. See who else covered it.

Editions

Business

Vigilantes ante el IPC

La revisión al alza de la inflación de julio confirma que la energía sigue tirando de los precios y obliga a mantener las ayudas a los carburantes

Original Spanish Read in English

Vigilantes ante el IPC

The recent increase in the IPC, announced in July, serves as a stark reminder that the Iran conflict continues to exert immense pressure on energy prices. According to the INE, inflation has reached 3.6%, a tenth of a percent higher than initially predicted, with energy components playing a decisive role in its evolution. The significant rise in diesel prices that occurred in July, exceeding 15%, has led to an additional increase in subsidies for such fuel to 20 cents per liter.

This possibility was contemplated in the decree granting aid to mitigate the impacts of the conflict in the Middle East. Under normal circumstances, the 15-cent per liter discount applied to gasoline and diesel in July would have been replaced by a 10-cent discount in August (as was the case) and a five-cent discount in September.

However, this will not happen with diesel, and other fuels heavily used by certain professional sectors will also benefit from subsidies exceeding the initially anticipated amounts.

Written by urgent.news from El Pais Economia's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.

Read the original at cincodias.elpais.com →

More in Business

Celltrion Vegzelma Matches Original Drug in Study

The anticancer drug ‘Vegzelma (ingredient name bevacizumab)’ developed by Celltrion objectively proved its pharmacokinetic equivalence to the original drug through research results analyzing…

  • Vegzelma matches original drug in pharmacokinetic study.
  • Research integrates data from 834 subjects across trials.
  • Celltrion plans to use findings for clinical competitiveness.

Korea Seeks to Become Next-Gen. Nuclear Hub in SMR Talks With Bill Gates

Bill Gates, the Microsoft co-founder and chair of the Gates Foundation who also leads next-generation nuclear power company TerraPower, arrived in South Korea via Gimpo Airport on a private jet at…

  • Bill Gates visits South Korea on August 13 to discuss SMRs.
  • Gates plans closed-door meeting with National Assembly Speaker Cho Jung-sik.
  • SMRs seen as solution to power shortages in AI era data centers.