The Spanish Consumer Price Index, or CPI, grew at a slower pace of 4.6% year-on-year in May, compared to a consensus forecast of 4.7%, the statistical office said Wednesday. However, the index rose faster than 4.2% in April.
The underlying inflation, which excludes food and energy products stood at 3.3%.
Month-on-month, the CPI rose 0.7% in May versus 1.1% in April and 0.8% rise expected.
Meanwhile, the Harmonized Index of Consumer Prices, or HICP, rose 4.7% year-on-year, in line with consensus.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.