Connect with us

Hi, what are you looking for?

European Union

Power costs drive Spanish industrial prices to record high

The Spanish Industrial Production Prices rose at a record rate of 5.5% per annum in February. This was due to rising energy costs. The strong recovery from the pandemic in Spain has driven industrial prices to record highs even before Russia invaded Ukraine. This was due to increased power costs.

Prices rose by 40.7% in February, which is the highest level since January 1976 when the data series started. This was due to a 114.4% rise in energy costs in February compared to the same month last.

INE reported that capital goods increased 4.6% due to higher costs for carmakers.

Inflation is a result of companies passing on price increases in industrial production to their customers. Recent months have seen a rise in energy prices and inflation in European countries. In Spain, the inflation rate is at its highest point in 35 years.


Russia’s invasion in Ukraine and its resulting economic fallout have scuttled hopes that prices will drop soon. The European Union’s southern members, including Spain, called on the bloc to adopt common energy policy to address the situation.


Share this article:

EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter.

You May Also Like

European Union

After a Russian-occupied Zaporizhzhia nuclear plant in Ukraine was detained, U.N. nuclear watchdog chief Rafael Grossi announced that the man responsible has been released....

United States

The goal is “energy security,” lobbyists said, although clean-energy advocates counter that wind and solar provide more protection from boom-and-bust oil markets. Russian troops...


For many years we have seen how the Soft Power used by the Kremlin works exclusively through culture, exhibitions, musical groups presentations, etc. It...

United States

The body of the stone dealer had been decaying for several weeks by the time it was found in an Upper West Side apartment....