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29.06.202607:14:31UTC+00Spain Inflation Rate Holds at 3.2% as Expected

Spain’s annual inflation rate held steady at 3.2% in June 2026, unchanged from April and May and in line with market expectations, according to preliminary estimates. Upward pressure came from electricity and gas, whose prices rose more sharply than in June 2025. In contrast, lower prices for motor fuels and lubricants for personal vehicles helped contain inflation, reversing the increase seen a year earlier.

Core inflation eased slightly to 2.9% in June, down from an upwardly revised 3.0% in May. On a monthly basis, the consumer price index (CPI) increased by 0.6%, after a 0.1% gain in May. Using the EU-harmonised index of consumer prices (HICP), the annual inflation rate also remained unchanged at 3.6%, while the monthly rate rose to 0.6% from 0.1%.

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