Spanish Inflation Unexpectedly Quickens, Raising Pressure on ECB

Spanish Inflation Unexpectedly Quickens, Raising Pressure on ECB

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Spanish inflation unexpectedly quickened, denting hopes that the euro zone’s record price surge is peaking and piling more pressure on the European Central Bank to act.

The acceleration — to 8.5% in May from 8.3% the previous month under European Union harmonized standards — came as increases in fuel costs offset an easing in electricity prices that have…


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