Spain's consumer price inflation accelerated unexpectedly in July from a 27-month low in June, flash estimates from the statistical office INE showed Friday.
The consumer price index, or CPI, climbed 2.3 percent year-over-year in July after a 1.9 percent increase in June. Meanwhile, economists had expected inflation to moderate to 1.6 percent.
The rise in inflation was mainly due to the rise in fuel prices along with a smaller decline in clothing and footwear prices, the agency said.
Excluding non-processed food and energy prices, core inflation rose to 6.2 percent from 5.9 percent in May.
On a monthly basis, overall consumer prices edged up 0.1 percent in July after rising 0.6 percent in the prior month. Prices were forecast to decrease by 0.4 percent.
EU-harmonized inflation also accelerated to 2.1 percent in July from 1.6 percent a month ago. Inflation was expected to remain stable at 1.6 percent. Month-on-month, the HICP dropped 0.1 percent.
