Inflation in Spain Rises to 3.6% in July, Worst Rate in over Two Years

Spain’s inflation picks up in July on energy costs

The annual inflation rate stood at 3.6% in July, up from 3.2% in June and above the estimated 3.5%.

Inflation in Spain rises to 3.6% in July, worst rate in over two years

Spain has logged five months in a row of annual inflation above 3%, driven by costlier electricity and fuel as the partial closure of the Strait of Hormuz persists. In July, power prices top €100 per MWh, the highest year-on-year figure since 2022.