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The high inflation in August casts doubts on the government's price containment mechanism

El IPC escala al 4,3% impulsado por los carburantes, pero muchos analistas piden prestar atención a los precios del gas y de la electricidad de cara al otoño

Translated from Spanish Read in Spanish

The high inflation in August casts doubts on the government's price containment mechanism

Prices rose again in August to levels not seen since the peak of the energy crisis caused by the invasion of Ukraine. Fuels drove the increase, but the index is expected to ease in September when a price containment mechanism from the government's anti-crisis shield takes effect. The mechanism will not come into operation until 1 September, allowing prices to rise in August. The July data had already indicated a sharp increase in fuel prices.

Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

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