Finance

Spain's 12-month EU-harmonised inflation falls to 3.1% in November

Published by Global Banking & Finance Review

Posted on November 28, 2025

1 min read

· Last updated: January 20, 2026

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Spain's 12-month EU-harmonised inflation falls to 3.1% in November
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(Reuters) -Spain's European Union-harmonised 12-month inflation rate fell to 3.1% in November, from 3.2% in the period through October, preliminary data from the National Statistics Institute (INE)

Spain's Inflation Rate Declines to 3.1% in November

(Reuters) -Spain's European Union-harmonised 12-month inflation rate fell to 3.1% in November, from 3.2% in the period through October, preliminary data from the National Statistics Institute (INE) showed on Friday.

The 12-month EU-harmonised inflation was above the 2.9% expected by analysts polled by Reuters.

Core inflation, which strips out volatile fresh food and energy prices, was 2.6% year-on-year, the INE data showed.

Spain's 12-month national inflation fell to 3.0%, down from 3.1% in October. Analysts polled by Reuters expected a 2.9% rate.

(Reporting by Mireia Merino; Editing by Emma Pinedo)

Key Takeaways

  • Spain's EU-harmonised inflation fell to 3.1% in November.
  • The rate was slightly above the 2.9% expected by analysts.
  • Core inflation was recorded at 2.6% year-on-year.
  • Spain's national inflation rate decreased to 3.0%.
  • INE provided the preliminary data.

Frequently Asked Questions

What is inflation?
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is typically measured annually and can impact economic stability.
What is core inflation?
Core inflation measures the long-term trend in prices by excluding volatile items such as food and energy. It provides a clearer view of inflation's underlying direction.
What is the EU-harmonised inflation rate?
The EU-harmonised inflation rate is a measure of inflation that allows for comparison across European Union countries. It is calculated using a standardized methodology.
What is the National Statistics Institute (INE)?
The National Statistics Institute (INE) is the official statistical agency in Spain responsible for collecting, analyzing, and disseminating statistical information about the country.

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