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Finance

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

Published by Global Banking and Finance Review

Posted on June 27, 2025

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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 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)