Finance

Spain's 12-month EU-harmonised inflation inches up on fuel and food prices

Published by Global Banking & Finance Review

Posted on June 27, 2025

1 min read

· Last updated: January 23, 2026

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Spain's 12-month EU-harmonised inflation inches up on fuel and food prices
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(Reuters) -Spain's European Union-harmonised 12-month inflation rate inched up in June to 2.2%, pushed higher by fuel and food and non-alcoholic beverages, preliminary data from the National

Spain's Annual Inflation Rate Rises to 2.2% Amid Fuel and Food Costs

(Reuters) -Spain's European Union-harmonised 12-month inflation rate inched up in June to 2.2%, pushed higher by fuel and food and non-alcoholic beverages, preliminary data from the National Statistics Institute (INE) showed on Friday.

The annual inflation rate rose from 2.0% a month earlier and was above the 2.0% expected by analysts polled by Reuters.

Core inflation, which strips out volatile fresh food and energy prices, was unchanged in June from the previous month at 2.2% year-on-year, the INE data showed.

Spain's 12-month national inflation also rose 2.2%, up from 2.0% in May. Analysts polled by Reuters expected a 2.0% rate.

(Reporting by Tiago Brandao, editing by Inti Landauro and Alex Richardson)

Key Takeaways

  • Spain's EU-harmonised inflation rate rose to 2.2% in June.
  • Fuel and food prices are the main contributors to the increase.
  • Core inflation remained steady at 2.2% year-on-year.
  • The rise exceeded analysts' expectations of 2.0%.
  • Spain's national inflation rate also increased to 2.2%.

Frequently Asked Questions

What was Spain's inflation rate in June?
Spain's 12-month EU-harmonised inflation rate inched up to 2.2% in June.
What factors contributed to the rise in inflation?
The increase in inflation was pushed higher by fuel and food and non-alcoholic beverage prices.
How does core inflation compare to the previous month?
Core inflation remained unchanged in June at 2.2% year-on-year, according to INE data.
What was the expected inflation rate by analysts?
Analysts polled by Reuters expected a 2.0% inflation rate, which was below the actual rate.
How did national inflation compare to EU-harmonised inflation?
Spain's national inflation also rose to 2.2%, matching the EU-harmonised rate and up from 2.0% in May.

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