Did you know that inflation will remain high for several months? We'll tell you in a minute

Inflation in Spain and the Eurozone remains high due to the conflict in Iran, which has raised energy and overall living costs. Consumer prices have increased by 5% compared to last year and this trend is expected to continue at least until March of next year. The annual CPI rate in Spain remained at 4.9% in October, while in the Eurozone it stands at 4%, with a 20.8% increase in energy prices over the last month. This increase is pressuring the European Central Bank to raise interest rates in December, according to major market consensus.