Spain’s Producer Price Index (PPI) inflation eased markedly in June 2026, slowing to 7.0% year-over-year from 10.5% in May 2026, according to data updated on 24 July 2026. The figures compare price changes in each month with the same month a year earlier.
The deceleration suggests a notable easing of cost pressures at the factory gate, which could, with a lag, filter through to consumer prices and corporate margins. While PPI remains elevated in annual terms, the three-and-a-half percentage point drop between May and June points to a cooling trend in upstream inflationary forces within Spain’s economy.
