FX.co ★ Spain’s HICP Inflation Holds Steady at 3.6% in June, Matching May Reading

Spain’s Harmonised Index of Consumer Prices (HICP) remained unchanged in June 2026, with year-over-year inflation holding at 3.6%, the same pace recorded in May 2026. The latest data, updated on 29 June 2026, indicate that price pressures, as measured on a harmonised basis comparable across the euro area, have neither accelerated nor eased between May and June.

On a year-over-year basis, the “actual” June figure compares price levels in June 2026 with those of June 2025, while the “previous” May figure reflected the change from May 2026 against May 2025. The identical 3.6% readings in both months suggest a period of short-term stability in Spain’s inflation dynamics, with no further upward or downward momentum evident in the latest release.