Finance

Spain's final 12-month EU-harmonised inflation at 2.7% in July

Published by Global Banking & Finance Review

Posted on August 13, 2025

1 min read

· Last updated: January 22, 2026

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Spain's final 12-month EU-harmonised inflation at 2.7% in July
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(Reuters) -Spain's European Union-harmonised 12-month inflation rate rose to 2.7% in July, up from 2.3% in the period through June, final data released by the National Statistics Institute (INE)

Spain's final 12-month EU-harmonised inflation at 2.7% in July

Overview of Spain's Inflation Data

(Reuters) -Spain's European Union-harmonised 12-month inflation rate rose to 2.7% in July, up from 2.3% in the period through June, final data released by the National Statistics Institute (INE) showed on Wednesday.

Core Inflation Trends

The INE's final data was in line with the 2.7% forecast in both the flash reading released two weeks ago and the average estimate from analysts polled by Reuters.

Consumer Price Changes

Core inflation, which strips out volatile fresh food and energy prices, rose to 2.3% in the 12-months through July, up from 2.2% in the period through June, the INE said.

Spanish national consumer prices also rose 2.7% in the 12 months through July, up from a 2.3% increase in the period through June, and in line with the 2.7% rate initially measured by the INE two weeks ago.

(Reporting by Mireia Merino; Editing by David Latona)

Key Takeaways

  • Spain's EU-harmonised inflation rose to 2.7% in July.
  • Core inflation increased to 2.3% in July.
  • Spanish consumer prices also rose by 2.7%.
  • The data aligns with previous forecasts by INE.
  • The inflation rise is consistent with analyst expectations.

Frequently Asked Questions

What is inflation?
Inflation is the rate at which the general level of prices for goods and services rises, leading to a decrease in purchasing power.
What is core inflation?
Core inflation measures the long-term trend in prices by excluding volatile items such as food and energy, providing a clearer view of inflation trends.
What is consumer price index?
The Consumer Price Index (CPI) measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

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