Cohetes, plumas y refinerías: la asimetría de los márgenes
El repunte de la inflación no obedece solo al encarecimiento de las importaciones sino al reparto doméstico de las cargas
During the years of heightened inflationary tension between 2022 and 2024, the debate over the origins of inflation was intense and suggestive. Data analysis and information demonstrated that the sharp increase in prices in Spain and Europe was a consequence of the surge in import prices, particularly energy and related fertilizers.
However, it is clear that not all inflation could be explained by an external shock, even today. To some extent, the rise in prices also responds to the expansionary waves determined by how burdens are distributed within national borders and how business margins react in the domestic market. They can also be due to external shocks, but their magnitude and idiosyncrasy respond to internal factors.
Written by urgent.news from El Pais Economia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
