Spain’s Inflation Surpasses Forecasts In December As Fuel Costs Surge

Spain’s inflation climbed to 2.8% in December, exceeding the 2.6% forecast due to rising fuel prices and leisure costs.

Spain is the eurozone's fifth-largest economy.

Core inflation also rose to 2.6%, reflecting persistent price pressures, Piero Cingari reported for Euronews.

Flash estimates from Spain's National Statistics Institute (INE) showed consumer prices rose at an annual rate of 2.8% in December, up from November's 2.4% and above economists’ predictions.

The December increase marked the fourth consecutive month of rising inflation, with rates climbing steadily from September’s low of 1.5%. As the eurozone’s fourth-largest economy enters 2025, these figures highlight ongoing inflationary pressures, primarily driven by fuel costs and leisure-related expenses.