Final Spanish CPI matches preliminary data, while core inflation rises to 3.0% year-over-year, exceeding prior levels.
Spain’s May consumer price index remained unchanged at 3.2% year-over-year, aligning with preliminary estimates. The harmonized index of consumer prices (HICP) also held at 3.6%, revised from an earlier 3.5% print.
Core CPI, excluding volatile food and energy prices, accelerated to 3.0% from 2.8% in the prior period. The data suggests persistent underlying inflation pressures despite stable headline figures.
Markets are monitoring the figures for potential implications on European Central Bank policy, though immediate reactions remain muted.