Published by Global Banking & Finance Review®
Posted on February 14, 2025
1 min readLast updated: January 26, 2026
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Spain's EU-harmonised inflation rate climbed to 2.9% in January 2023, confirmed by INE, with core inflation dropping to 2.4%.
(Reuters) - Spain's European Union-harmonised 12-month inflation rate rose to 2.9% in January from 2.8% in the period through December, final data released by the National Statistics Institute, or INE, showed on Friday.
The INE's final data of 2.9% confirmed the flash reading of 12-month European Union-harmonised inflation released two weeks ago and the average estimate from analysts polled by Reuters.
Core inflation, which strips out volatile fresh food and energy prices, was 2.4% in the 12 months through January, down from 2.6% in the period through December, INE said.
Spain's 12-month national consumer prices rose 2.9% in the 12 months through January, up from 2.8% in the period through December.
The final data of 2.9% was below both the flash estimate released by INE two weeks ago and the forecasts by analysts polled by Reuters at 3.0%.
(Reporting by Tiago Brandao, editing by Inti Landauro)
The article discusses Spain's EU-harmonised inflation rate rising to 2.9% in January 2023.
Core inflation, excluding volatile items, was 2.4% in January, down from 2.6% in December.
The final inflation rate of 2.9% was slightly below analysts' forecasts of 3.0%.
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