MADRID, SPAIN / RankWire.AI / – According to official final data, Spain’s consumer price inflation for July increased to 3.6%, up from 3.2% in June. This figure exceeded the initial flash estimate of 3.5% released on July 30. Consumer prices saw a monthly rise of 0.3%, surpassing the preliminary estimate of 0.2%. The National Statistics Institute, known as INE, confirmed that these July figures are definitive and will not be subject to further revisions.
Transport contributed most significantly to the annual inflation rate, with the prices in this category climbing 6.2% compared to the previous year. This growth was driven by increased fuel and lubricant costs for personal vehicles, which rose more sharply than in July 2025. Housing costs also increased by 5.7% annually, one percentage point above June’s rate, as electricity prices accelerated faster than a year earlier.
Core inflation, excluding unprocessed food and energy, edged upward to 3.0% from 2.9% in June. Spain’s Harmonised Index of Consumer Prices (HICP) grew 3.9% year-over-year, compared with 3.6% in June. The final harmonised rate also surpassed the initial estimate of 3.8%. On a monthly basis, the harmonised index remained steady in July. This index facilitates consistent price comparisons across European Union member states.
Fuel and electricity costs propel July price increases
Transport-related prices rose by 2.3% in July, making it the largest positive contributor to Spain’s overall CPI for the month. Housing expenses increased by 1.6%, mainly due to higher electricity bills and smaller rises in gas and liquid fuels. Additionally, prices for recreation, sport, and culture grew by 2.3%, largely driven by increased costs for package holidays. These increases in categories outweighed declines seen elsewhere in the consumer basket.
In June, clothing and footwear prices dropped 10.2% as summer sales led to lower prices across this sector. Food and non-alcoholic beverage prices fell 0.7%, largely reflecting reductions in fruit, nuts, vegetables, pulses, and potatoes. Among Spain’s autonomous communities, Cantabria experienced the highest annual CPI increase at 4.3%, while Extremadura recorded the lowest at 3.0%. The national rate stood at 3.6%.
Spain’s harmonised inflation rate remains above euro-area figures
Spain’s harmonised inflation rate of 3.9% in July continued to exceed the euro area’s preliminary flash estimate of 2.9%. In June, the euro area inflation was 2.8% before rising slightly in July. Eurostat published the euro-area figure as an initial estimate, whereas Spain’s harmonised rate is final. The harmonised index is based on a standardized framework that allows for inflation comparisons across EU economies.
Spain’s July inflation data signals a continued upward trend in the country’s headline CPI after reaching 3.4% in March. It then stabilized at 3.2% for April, May, and June before climbing again in July. Core inflation moved from 2.8% in April to 3.0% in May, then slightly decreased to 2.9% in June, and returned to 3.0% in July. The INE calculates the CPI using approximately 200,000 monthly price observations covering goods and services bought by households across Spain.