Spain is the fifth country of the OECD in which the price of energy rose in the final stretch of 2021

The price of energy rose 30.7% on the OECD in the month of November - the last of the organization has disclosed data on Tuesday - being Spain the fifth country

Spain is the fifth country of the OECD in which the price of energy rose in the final stretch of 2021

The price of energy rose 30.7% on the OECD in the month of November - the last of the organization has disclosed data on Tuesday - being Spain the fifth country suffered a greater increase in energy prices, from 35.9% compared to the same month of 2020.

Ahead, only four of the 38 states that make up the OECD were placed: Norway, with an increase of 84.3%, Netherlands (+ 46.7%), Belgium (+ 46.4%) and Luxembourg (+40, 7%).

The increase in the price of energy in Spain far exceeds that of the average of the European Union (of 25.9%) and also that of the euro zone (27.5%). It is also very superior, which has suffered neighboring countries such as France (22.1%), Germany (22%), Italy (30.9%) or Portugal (14.1%), which is the European exception to the rise of prices.

Our country is thus among the five with a greater energy price problem, despite the fiscal measures approved by the Government to try to reduce the bill of light.

This position of Spain among the first five could be overcome even when the OECD incorporates the inflation data from December, month in which the IPC in Spain amounted to 6.7%, according to the Data advanced by the INE that will be confirmed on Friday This week.

In general terms, prices climbed 5.8% in November in the average of the countries that make up the OECD, the highest rise in the last 25 years, and Spain recorded a rebound of 5.5% prices that month.

According to the data at the close of November disclosed on Tuesday by the Organization, the price increase that occurred at the OECD in November was the highest since 1996, with an especially high increase in the United States, where prices increased by 6, two%.

In that country, before the high inflation, the Federal Reserve (the Fed, its central bank) has already warned that it would see "justified" to advance an increase in interest rates if prices remain so high.

In the euro zone, prices were 5% in December, which closed the 2021 exercise with average inflation of 2.6%.

By 2022, the institutions foresee an even higher inflation average, which could lead to the European Central Bank (ECB) to begin to consider a tightening of monetary policy as of 2023.

"We understand that the rise in prices are a concern for many people and we took that concern very seriously," said Christine Lagarde, President of the ECB, in the relay ceremony at the German Bundesbank dome. "But people can trust that our commitment to price stability is unwavering, which is fundamental for the firm anchoring of inflation expectations and for confidence in the currency," she added.

Updated Date: 11 January 2022, 07:19

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