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    Spanish inflation hits a high

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    euronews (in English)

    by euronews (in English)

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    The financial gloom enveloping Spain deepened as October figures showed consumer prices hit a high. Data revealed the rate of inflation rose at its fastest pace since May last year to 3.5 percent.

    Analysts point to the governments September rise in VAT as the main reason, "what we are seeing today in Spain is almost all due to the tax rise," said one expert.

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    http://www.euronews.net/