7 Aug, 16:40··

Salaries Lose Purchasing Power for Fifth Month

El País

Spanish workers' wages have increased by 3% according to recent agreements, but this is less than the 3.5% rise in prices. This means workers are losing purchasing power. This is the fifth month in a row that wages have grown slower than the inflation rate, following a rise in fuel costs due to the conflict in Iran.

Summarized from the sources above. Read the originals for the full story.

inflationlaboreconomy