Spain Inflation Rate Revised Slightly Up to 2.3%

Spain’s annual inflation rose to 2.3% in June 2025, slightly above the preliminary estimate of 2.2%, and breaking a three-month streak of deceleration. This increase reflected stronger upward pressure from housing & utilities (4.2% vs 3.8% in May) and food and beverage prices (2.8% vs 2.5%), and a milder drop in transport cost (-0.8% vs -2.0%). The core rate, excluding volatile items like food and energy, stood at 2.2% in June, unchanged from the prior month and confirming the early estimate. Considering the EU-harmonised, the CPI rose 2.3% on the year, beating the preliminary 2.2% reading, and increased 0.7% on the month, also above the earlier estimate of 0.6%. On a monthly basis, consumer prices rose 0.7% in June, marking the steepest increase since April 2024, slightly above the preliminary estimate of 0.6% and accelerating from May’s 0.1% uptick.