MADRID (Reuters) – Spanish Economy Minister Nadia Calvino said Monday she expects inflation to be lower this year than in 2022, although there will be “a lot of volatility” each month.
Despite the volatility, inflation will be “virtually half what it was last year, at a level much lower than last year,” she said in an interview with radio station RNE.
The 12-month inflation rate in Spain fell in the second half of 2022 to 5.7% in December after peaking at 10.8% in July, although the rate then picked up slightly and stayed at 6.1%.
Reporting by Inti Landauro Editing by Bernadette Baum
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