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La inflación anual al consumidor ha alcanzado su nivel más alto en los últimos 22 años. Esperamos cerrar este año en 9,2 % con una moderación para 2023 y que se consolidará en 2024, explicada por dos factores principales: el efecto base y la moderación de la demanda y de las presiones de costos.

With rising energy prices, which are driving up inflation and dragging down economic activity, policymakers are facing some difficult dilemmas. This is the case with fuel subsidies in Spain and similar measures in other European countries.