Finance
Spain's 12-month EU-harmonised inflation in May falls to lowest since October
Published by Global Banking & Finance Review®
Posted on May 30, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 30, 2025
1 min readLast updated: January 23, 2026
Spain's EU-harmonised inflation rate dropped to 1.9% in May, the lowest since October 2022, due to falling leisure and culture prices.
MADRID (Reuters) -Spain's European Union-harmonised 12-month inflation rate fell in May to its lowest level since October, preliminary data from the National Statistics Institute (INE) showed on Friday, as falling prices for leisure and culture helped alleviate other hikes.
Inflation eased to 1.9% in May from 2.2% in the period through April, INE said. The rate was not that low since hitting 1.8% in October.
Transportation prices fell and a the growth of electricity prices was slower than in the same month of the previous year, it added.
The 12-month EU-harmonised inflation was below the 2.0% expected by analysts polled by Reuters.
Core inflation, which strips out volatile fresh food and energy prices, was 2.1% year-on-year, the INE data showed.
Spain's 12-month national inflation fell to 1.9%, down from 2.2% in April. Analysts polled by Reuters expected a 2.0% rate.
(Reporting by Mireia Merino and Javi West Larrañaga, editing by Inti Landauro)
Spain's 12-month EU-harmonised inflation rate fell to 1.9% in May from 2.2% in April.
The inflation rate of 1.9% in May is the lowest since it hit 1.8% in October.
Transportation prices fell, and the growth of electricity prices was slower compared to the same month last year.
Analysts polled by Reuters had expected a 2.0% inflation rate, which was higher than the actual rate of 1.9%.
Core inflation, which excludes volatile fresh food and energy prices, was reported at 2.1% year-on-year.
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