Spain's annual inflation rate was revised higher to 3.6% in July 2026 from a preliminary 3.5% and from 3.2% in June, marking the fastest pace since May 2024. The increase was driven mainly by fuel and lubricant prices for personal vehicles, with diesel rising 15.7% from 14.1% in June and petrol accelerating to 7.3% from 1.3%, as tensions in the Middle East added pressure to energy markets. Electricity prices also contributed, increasing 8.4% after 6.0% in June. Core inflation, which strips out unprocessed food and energy, rose to 3.0% from 2.9%, matching May's near two-year high and coming in line with estimates. Spain's EU-harmonized inflation rate, the measure used for cross-country comparison in the bloc, reached 3.9%, its highest since February 2023, up from 3.6% in June and above the preliminary 3.8%. Consumer prices rose 0.3% on the month, revised from 0.2%, though that was slower than June's 0.6% increase.