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Spain Inflation Eases More Than Expected in July, HICP Falls 0.1% Month-on-Month

BitcoinWorld Spain Inflation Eases More Than Expected in July, HICP Falls 0.1% Month-on-Month Spain’s Harmonized Index of Consumer Prices (HICP) fell 0.1% in July compared to the previous month, a better-than-expected reading that beat the -0.2% forecast by economists.

The data, released by the National Statistics Institute (INE), provides a fresh snapshot of consumer price trends in the eurozone’s fourth-largest economy. July Data in Context The month-on-month decline of 0.1% marks a moderation from June’s flat reading (0.0% MoM).

On an annual basis, the HICP rose by 2.9% in July, down from 3.4% in June, signaling a continued easing of inflationary pressures. The core inflation rate, which excludes volatile food and energy prices, also moderated to 2.8% year-on-year from 3.0% in the prior month.

This data aligns with a broader trend across the eurozone, where headline inflation has been gradually retreating from the double-digit highs seen in late 2022.

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