Spain Inflation Rate Confirmed at 5-Month High of 2.7%

Spain’s annual inflation rose for the second month to a five-month high of 2.7% in July 2025, confirming the preliminary estimate. Meanwhile, core inflation—which excludes volatile components like food and energy—edged up to a three-month high of 2.3%, as previously estimated, up from June’s 2.2%. Considering the EU-harmonised, the CPI rose 2.7% on the year, matching the earlier reading, and fell 0.3% on the month, compared to the earlier estimate of a 0.4% decrease.