FX.co ★ Spain’s HICP Inflation Ticks Higher in June, MoM Rate Rises to 0.6%

Spain’s Harmonised Index of Consumer Prices (HICP) accelerated on a month-over-month basis in June, with the indicator rising to 0.6% from 0.1% previously. Both the prior and current readings refer to June 2026 data, updated on 15 July 2026, and reflect changes relative to the preceding month.

The latest figure signals a noticeable pick‑up in price momentum compared with the earlier 0.1% month‑over‑month change, suggesting that inflationary pressures gained traction over the period. In the provided comparison framework, the “actual” represents the change in June versus the previous month, while the “previous” figure captures the change in that earlier month compared with its own prior month, highlighting a clear step-up in short‑term inflation dynamics.