Oil price shocks in Spain drive inflation rates, impacting regions differently.
Oil prices have been fluctuating a lot lately, and this affects how much things cost. A study looked at how oil prices impact inflation in Spain. They used math models to see how changes in oil prices affect inflation rates in different parts of Spain. The study found that about half of the changes in prices are because of oil prices. They also predict that inflation will stay steady in the next year and that different regions in Spain have different inflation rates.