Inflación y desequilibrios del crecimiento
La brecha de IPC con Europa se debe más a los cuellos de botella que al ‘shock’ energético
The escalating conflict in the Middle East, coupled with the emergence of a new front affecting passage through the Bab el-Mandeb strait, has sparked a virulent inflation outbreak, particularly in Spain. The IPC data from last month, showing a 4.6% advance in harmonized terms compared to a 3.2% increase in the eurozone, leaves no room for doubt.
The challenge lies in addressing a gap that was almost non-existent just over a year ago. To do so, it is crucial to determine whether the origin of this gap is energetic, sectoral, or tied to the expansion cycle currently affecting the Spanish economy.
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