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Sánchez has a reduction in inflation in the coming months

Date: March 27, 2023 Time: 09:25:20

The President of the Government, Pedro Sánchez, has analyzed this Monday the socioeconomic scenario that lies ahead for Spain in the coming months, in which he predicts that inflation will pick up slightly, mainly due to the rise in the price of energy, before it continues its downward trend. On the other hand, Sánchez does not rule out that the general elections will be at the end of November although the deadline to celebrate them is always in the month of December.

“We have to see how inflation evolves over the next few months. We contemplate a slight rise, but then a drop in inflation over the next few months as a result of the fact that there has been a rise in the price of energy in recent weeks “, explained the president in an interview in Informativos Telecinco, collected by Europa Press.

While waiting for the advance data of the Consumer Price Index for the month of February to be known this Tuesday, the Chief Executive recalled that “in five months Spain has managed to cut inflation by five points, being” the country with the lowest rate in the euro zone.

general elections

Regarding the general elections, the president of the Executive has insisted that he will exhaust the legislature and has dropped the possibility that the elections will be in the month of December, without ruling out that they be held at the end of November. “I see it more in December than in November, but we’ll see.”

Insist on approving the financial authority

Asked about the rise in mortgages, mainly those signed at a variable rate, the President of the Government has insisted that it is “fundamental” that the approval within the Cortes Generales of the financial authority be accelerated, which will be in charge of monitoring any bad practice of the financial sector. “Maximum empathy and maximum commitment”, the head of the Executive has transferred, after insisting that the Executive is going to allocate “all possible economic resources of the State” to protect families, companies and industries.

Apart from the measures that can be taken at the national level, Sánchez has insisted on those that are promoted from the European level. On this point, he has highlighted that the ‘Iberian solution’ in Spain has allowed taxpayers to save more now is the reform of the electricity market, decoupling the price of gas from the evolution of the price of electricity. “That is even the task that lies ahead of us and it is what Spain has been working on for many months now, before the war, and we hope that this year we can finally have this reform of the electricity market,” he concluded.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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