Inflation thus rose in June in Spain after three consecutive months of declines.

According to the INE, the increase in inflation in June was due to rising fuel and gas prices, as well as some foods, such as meat, fish and seafood.

The underlying inflation rate (excluding energy and fresh food, traditionally the most volatile items in the shopping basket) remained at 2.2% in June.

In terms of chain evolution (comparison with the previous month), prices rose 0.7% compared to May.

Spain ended zero VAT on some foods at the end of September 2024 and restored all normal consumption tax rates by the end of last year, thus ending almost three years of extraordinary measures to control inflation.

The Spanish government adopted packages to respond to rising prices after recording the highest figures in the European Union (EU) in the first half of 2022 and the highest inflation in the country since 1984 (10.77%) in July of that year.