FX.co ★ Spain’s Core Inflation Eases Slightly in June, Slipping to 2.9% YoY

Spain’s core consumer price index (CPI) edged down in June 2026, with the year-over-year rate easing to 2.9% from 3.0% in May, based on data updated on 29 June 2026. The indicator measures underlying inflation by excluding volatile items and compares price changes in June 2026 with those of June 2025.

The latest reading suggests a modest cooling in underlying price pressures, marking a slight deceleration from the previous month’s year-over-year pace. May’s 3.0% figure had been calculated against May 2025 levels, while June’s 2.9% reflects the annual change versus June 2025. Although the decline is minimal, it points to a continued, if gradual, easing trend in core inflation within Spain.