Spain's annual inflation rate remained unchanged at 3.2% in June 2026, matching the readings in May and April and meeting market expectations, according to preliminary estimates. Upward pressure came from electricity and gas prices, which increased more sharply than they did in June 2025. In contrast, motor fuels and lubricants for personal vehicles helped moderate inflation, as their prices declined compared with the increase recorded a year earlier. Meanwhile, the core inflation rate eased to 2.9% from an upwardly revised 3.0% in May. On a monthly basis, the CPI rose 0.6%.