Rising Spanish inflation widens eurozone gap

SPAIN - Inflation jumped a full percentage point in October to a year-on-year rate of 4 per cent, widening the differential with other eurozone members and reinforcing fears that Spain is losing competitiveness as its economy falters.

Eugenio Domingo Solans, a board member of the European Central Bank, said the October inflation figure was "bad news". In Madrid, the inflation figure triggered a sell-off on the stock exchange.

The Financial Times reported that Emilio Ontiveros, an economics pro

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