High prices in Spain set to continue into next year, says economist

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High prices in Spain set to continue into next year, says economist

STORY: High prices in Spain set to continue into next year, says economist DATELINE: July 7, 2022 LENGTH: 00:02:10 LOCATION: Madrid CATEGORY: ECONOMY SHOTLIST: various of shops and consumers in SpainSOUNDBITE 1 (Catalan): MONTSERRAT GUILLEN, Professor of Economics at Barcelona UniversitySOUNDBITE 2 (Catalan): MONTSERRAT GUILLEN, Professor of Economics at Barcelona Universityvarious of a petrol stationSOUNDBITE 1 (Catalan): MONTSERRAT GUILLEN, Professor of Economics at Barcelona University STORYLINE: An economist has said high prices in Spain are set to continue into next year but measures will work. Prices in Spain went up again in June by a double-digit increase, as the Consumer Price Index (CPI) climbed to 10.2 percent, according to the National Institute of Statistics, the highest number for 37 years. With prices going up all over Europe, the European Central Bank announced in June that it will try to dampen consumer spending by raising interest rates by 0.25 percent in July, the bank's first rate rai

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