Financial News: Spain Inflation Strongest Since 2023

Spain Inflation Strongest Since 2023

08/28/2026 - 09:57:00 (RTTNews)

(RTTNews) - Spain inflation hit the highest level in more than three years in July, largely reflecting higher energy prices, flash estimate from the statistical office INE revealed Friday.

Consumer price inflation rose more-than-expected to 4.3 percent from 3.6 percent in July. The rate was seen at 4.2 percent. The latest figure was the highest since February 2023, when inflation was 6.0 percent.

Likewise, EU harmonized inflation advanced to 4.5 percent from 3.9 percent but remained slightly below forecast of 4.6 percent.

Meanwhile, core inflation that excludes prices of unprocessed food and energy, softened to 2.9 percent from 3.0 percent.

Month-on-month, the consumer price index posted an increase of 0.7 percent, faster than the 0.3 percent rise in July and economists' forecast of 0.6 percent.

The harmonized index of consumer prices climbed 0.6 percent, in line with forecast, after staying flat in July.

Another data from INE showed that retail sales declined for the first time since November 2022. Retail sales dropped 0.3 percent from a year ago in July, reversing June's 0.6 percent rise. On a monthly basis, retail sales slid 0.9 percent after rising 0.3 percent in June.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Treasury Announces Details Of Two-Year, Five-Year & Seven-Year Note Auctions (31 min(s), 06 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday announced the details of this month's auctions ...Full Story»

U.S. Pending Home Sales Rebound From Six-Month Low In August (02 hr(s), 57 min(s), 06 sec(s) ago)
(RTTNews) - A report released by the National Association of Realtors on Thursday showed a modest ...Full Story»

Philly Fed Index Pulls Back Off Five-Year High In September (03 hr(s), 09 min(s), 06 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing a small ...Full Story»

U.S. Housing Starts Unexpectedly Tumble 2.6% In August (03 hr(s), 26 min(s), 06 sec(s) ago)
(RTTNews) - New residential construction in the U.S. unexpectedly saw further downside in the mont ...Full Story»

U.S. Jobless Claims Unexpectedly Dip To Lowest Level Since Mid-July (03 hr(s), 28 min(s), 06 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed an unexpected decline in ...Full Story»

Bank Of England Holds Rate Steady At 3.75% (04 hr(s), 51 min(s), 06 sec(s) ago)
(RTTNews) - The Bank of England left its key interest rate unchanged on Thursday amid limited evid ...Full Story»

Philly Fed Index Pulls Back Much Less Than Expected In September (04 hr(s), 58 min(s), 06 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing a small ...Full Story»

U.S. Housing Starts Unexpectedly See Further Downside In August (05 hr(s), 03 min(s), 06 sec(s) ago)
(RTTNews) - New residential construction in the U.S. unexpectedly saw further downside in the mont ...Full Story»