emirates7 - Spain's inflation rose more than estimated in July, final data from the statistical office INE showed on Thursday.

Consumer price inflation accelerated to 3.6% in July from 3.2% in June. A similar higher rate was last seen in May 2024. The rate was revised up from the provisional estimate of 3.5%.

Likewise, EU harmonized inflation rose more-than-estimated to 3.9% in July from 3.6% in June. The initially estimated inflation was 3.8%.

At the same time, underlying inflation rose slightly to 3%, in line with estimate, from 2.9% in the previous month.

Cost of transportation climbed 6.2% due to the rise in fuel and lubricant prices. Housing prices advanced 5.7% on higher electricity prices, dpa reported, citing official data.

Compared to the previous month, consumer prices rose at a slower pace of 0.3%, following a 0.6% gain. Prices were initially estimated to have increased 0.2%.

The harmonized index of consumer prices remained flat on a monthly basis, compared to flash estimate of 0.1% drop.