Spain's consumer price index remained unchanged at 3.2% year-on-year in June, extending a streak of three months at that level and four months above the 3% mark.
The National Statistics Institute (INE) reported that increases in electricity and gas prices exerted upward pressure on the overall inflation rate during the month.
The persistence of inflation above the 3% threshold underscores the continued impact of energy market volatility on household budgets and corporate costs.
The persistence of inflation above the 3% threshold underscores the continued impact of energy market volatility on household budgets and corporate costs.
While the headline rate stabilized, the underlying composition shifted as utility costs rose, offsetting potential deflationary pressures in other categories.
This development adds to a broader pattern of elevated inflation across major economies.
Recent data from the United States showed consumer prices accelerating to their fastest pace in over three years in May, driven largely by energy costs linked to geopolitical tensions in the Middle East.