The preliminary monthly inflation reading matched forecasts and marked a sharp reversal from the previous month, signaling fresh disinflation pressure in Spain.
Spain’s flash HICP (Harmonised Index of Consumer Prices, an EU inflation measure) fell 0.1% month on month in June, matching forecasts and reversing from May’s 0.6% increase. The preliminary reading points to renewed disinflation in Spain, offering an early signal on price trends in one of the euro zone’s largest economies.