La sagrada familia in Spain

Spain Inflation August 2023

Spain: Harmonized inflation rises further in August

Harmonized inflation rose to 2.4% in August from 2.1% in July. A rebound in prices of transportation was mainly behind the acceleration.

The trend declined, with annual average harmonized inflation coming in at 4.6% in August (July: 5.3%). Meanwhile, core inflation dipped to 6.1% in August from 6.1% in July.

Lastly, harmonized consumer prices rose 0.54% in August over the previous month, following the 0.08% decrease seen in July.

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