Spain’s consumer price growth lost steam in July 2026, with the month‑over‑month Consumer Price Index (CPI) rising 0.2%, down from a 0.6% increase in June. The latest data, updated on 30 July 2026, point to a clear moderation in short‑term inflation momentum.
On a month‑over‑month basis, the July reading shows that price pressures eased compared with June, when the index had advanced more strongly. The “actual” figure for July reflects the change versus June 2026, while the “previous” reading for June represents the change versus May 2026, highlighting a notable deceleration in the pace of price increases as the summer progresses.
The softer July print may signal a more stable near‑term inflation environment in Spain, with price growth slowing after a comparatively brisk monthly gain in June. Investors and policymakers will be watching subsequent releases closely to see whether this moderation continues in the coming months.
