Finance

Spain's 12-month EU-harmonised inflation rises to 2.7% in July

Published by Global Banking & Finance Review

Posted on July 30, 2025

1 min read

· Last updated: January 22, 2026

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Spain's 12-month EU-harmonised inflation rises to 2.7% in July
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(Reuters) -Spain's European Union-harmonised 12-month inflation rate rose to 2.7% in July, from 2.3% in the period through June, preliminary data from the National Statistics Institute (INE) showed on

Spain's 12-month EU-harmonised inflation rises to 2.7% in July

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

The 12-month EU-harmonised inflation was in line with expectations of analysts polled by Reuters.

Core inflation, which strips out volatile fresh food and energy prices, was 2.3% year-on-year in July, above 2.2% in June, the INE data showed.

Spain's 12-month national inflation also rose to 2.7%, from 2.3% in June. Analysts polled by Reuters expected a 2.6% rate.

(Reporting by Joao Manuel Mauricio in Gdansk; Editing by David Latona)

Key Takeaways

  • Spain's EU-harmonised inflation reached 2.7% in July.
  • The rate increased from 2.3% in June.
  • Core inflation was slightly higher at 2.3%.
  • Analysts expected a 2.6% inflation rate.
  • Data was provided by the National Statistics Institute.

Frequently Asked Questions

What was Spain's 12-month EU-harmonised inflation rate in July?
Spain's EU-harmonised 12-month inflation rate rose to 2.7% in July, up from 2.3% in June.
How does core inflation compare to overall inflation in Spain?
Core inflation, which excludes volatile fresh food and energy prices, was 2.3% year-on-year in July, slightly above the 2.2% recorded in June.
What did analysts expect for Spain's national inflation rate?
Analysts polled by Reuters expected a national inflation rate of 2.6% for July, but it actually rose to 2.7%.

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