Spain inflation rises to 3.5% in July on fuel and electricity prices

Published on

30/07/2026 - 11:04 GMT+2

Inflation picked up again in Spain in July and reached 3.5% year on year, three tenths of a point higher than in June, driven by the rise in fuel prices and electricity, according to the flash estimate published on Thursday by the National Statistics Institute (INE).

The statistics office attributes the rebound to the fact that both fuels and lubricants for private vehicles and electricity rose more sharply than in the same month last year. With this increase, inflation has reached its highest level since May 2024 and has now been above 3% for five consecutive months.

Underlying inflation, which excludes unprocessed food and energy products because of their greater volatility, also rose by a tenth of a point in July, to 3%, suggesting that price pressures continue beyond the impact of energy.