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Spain’s July Inflation Accelerates More Than Expected, HICP Hits 3.8%

BitcoinWorld Spain’s July Inflation Accelerates More Than Expected, HICP Hits 3.8% Spain’s harmonized index of consumer prices (HICP) rose by 3.8% year-on-year in July, surpassing both the previous month’s reading and market expectations of 3.7%, according to preliminary data released by the National Statistics Institute (INE) on Tuesday.

The acceleration marks a continuation of upward price pressures in the eurozone’s fourth-largest economy, driven largely by energy costs and food prices.

Key Data Points and Comparisons The July HICP figure of 3.8% compares with a 3.5% annual increase recorded in June, signaling a firming of inflationary momentum.

Core inflation, which excludes volatile energy and fresh food prices, is expected to remain stickier, though the headline figure is the primary focus for market participants.

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