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Spain's final 12-month EU-harmonised inflation at 3.6% in June - Finance news and analysis from Global Banking & Finance Review
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Spain's final 12-month EU-harmonised inflation at 3.6% in June

Published by Global Banking & Finance Review

Posted on July 15, 2026

1 min read

· Last updated: July 15, 2026

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Spain's EU-Harmonised 12-Month Inflation Rate Unchanged at 3.6% in June

Spain's Latest Inflation Figures and Economic Indicators

Overview of Inflation Rate

July 15 (Reuters) - Spain's European Union-harmonised 12-month inflation rate rose to 3.6% in June, unchanged from the period through May, final data released by the National Statistics Institute (INE) showed on Wednesday.

Forecasts and Analyst Expectations

The INE's final data was in line with the 3.6% forecast in both the flash reading released two weeks ago and the average estimate from analysts polled by Reuters.

Core Inflation Trends

Core inflation, which strips out volatile fresh food and energy prices, rose to 2.9% in the 12-months through June, down from 3% in the period through May, the INE said.

National Consumer Price Index

Spanish national consumer prices rose 3.2% in the 12 months through June, unchanged from the period through May, and in line with the 3.2% rate initially measured by the INE two weeks ago.

Reporting Information

(Reporting by Gemma Guasch; Editing by David Latona)

Key Takeaways

  • Final HICP inflation in Spain stood at 3.6% in June, unchanged from May and in line with flash and analyst forecasts (ine.es).
  • Core (HICP) inflation eased to 2.9% year‑on‑year in June, down from 3.0% in May as per INE final data (ine.es).
  • Spain’s national CPI inflation also held at 3.2% in June, unchanged from both May and INE’s earlier flash estimate (ine.es).
  • In contrast, Euro area HICP inflation eased to 2.8% in June, highlighting Spain’s relatively higher inflation rate (ec.europa.eu).

References

Frequently Asked Questions

What was Spain's EU-harmonised inflation rate in June 2024?
Spain's EU-harmonised 12-month inflation rate was 3.6% in June 2024, unchanged from May.
Did the core inflation rate in Spain change in June 2024?
Yes, core inflation in Spain fell to 2.9% in June 2024, down from 3% in May.
Who provided the final inflation data for Spain?
The final inflation data was released by Spain's National Statistics Institute (INE).

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