The spike in Spain’s inflation and its impact
Fecha: septiembre 2021
Raymond Torres
Inflation
SEFO, Spanish and International Economic & Financial Outlook, V. 10 N.º 5 (september 2021)
The upward trend in Spanish inflation has been driven by rising input costs, the abrupt nature of the global recovery and nascent structural transformations accelerated by the pandemic. While the immediate effect is a slowdown in the pace of recovery, further ahead, if global inflation becomes sustained, the perception of central bank independence will be key.