BusinessQuiet 92d · day 93
Spain's inflation hits 3.6% in July, worst in over two years
Energy costs drive five consecutive months above 3% as Strait of Hormuz closure persists.
What to know
- Spain's inflation hit 3.6% in July 2026—the highest in over two years—driven by electricity and fuel price surges tied to Strait of Hormuz disruptions.
- Electricity prices reached €100 per MWh, the highest year-on-year figure since 2022, marking the fifth consecutive month inflation exceeded 3%.
- The economy is identified as the second biggest concern for Spaniards after housing, with economic conditions continuing to deteriorate.
“Spain has logged five months in a row of annual inflation above 3%, driven by costlier electricity and fuel as the partial closure of the Strait of Hormuz persists.”
Euronews · Euronews
Spain Country experiencing inflation surge
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