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EU economic statistics · Eurostat HICP annual inflation
Annual inflation in Spain was 3.9% in July 2026, Eurostat reports
Eurostat reports all-items HICP annual inflation of 3.9% for Spain in July 2026.
Annual inflation in Spain was 3.9% in July 2026,
against 3.6% the month before — a difference of
+0.3 percentage points.
Both months are rates already measured in per cent, so the difference between
them is counted in percentage points, not per cent:
+0.3 percentage points is not +0.3 per cent.
These are two observations, not a trend, and nothing joins them.
Why this is measured in percentage points, not per cent
A percentage point is the gap between two rates. Per cent is a gap
measured against the starting rate. They are different units and they give
different numbers for the same change.
As percentage points
+1.0 pp — five minus four. This is the unit this site uses.
As per cent
+25% — one against a starting rate of four. This site does not publish this figure.
Both sentences describe the same movement. Reading one as the other is the
most common mistake made with figures like these, which is why every
difference on this site is stated in percentage points and labelled “pp”.
Eurostat reports annual inflation of 3.9% for Spain in July 2026, measured by the all-items Harmonised Index of Consumer Prices (HICP).
That is 0.3 percentage points higher than the 3.6% Eurostat reports for June 2026. Both figures are rates expressed in percent, so the difference between them is measured in percentage points, not in percent.
The annual rate of change compares the index for the month with the index for the same month one year earlier. “All items” means the full HICP basket, not a selected part of it.
This brief reports the figure Eurostat published and its comparison with the preceding month. It does not explain why the figure moved, and it does not attribute the movement to any policy, event or decision.
Times
These are different things and are not interchangeable.
value[offset(geo=ES, time=2026-07, freq=M, coicop18=TOTAL, unit=RCH_A)]
All-items HICP on the ECOICOP ver.2 classification, annual rate of change: the index for the month against the same month one year earlier.
Observation flag
(none)
field
status[offset(geo=ES, time=2026-07)]
Eurostat flag preserved verbatim; absent means unflagged.
Reporting period
2026-07
field
dimension.time.category.index
Previous month (2026-06)
3.6 %
field
value[offset(geo=ES, time=2026-06)]
Same dataset, same filters, immediately preceding month.
Change on the previous month
0.3 percentage points
calculation
round(value - previous_value, 1)
Both figures are rates expressed in percent, so their difference is in percentage points, not percent.
Wording template eurostat_inflation version 1.0.
Revision history
12 September 2026, 00:58 UTC — First publication
Assembled from the source record listed under evidence. This record predates the start of this service's coverage and was added when the source was first read.
What this record does not establish
All-items HICP annual inflation on the ECOICOP ver.2 classification, for nine EU reporting areas. Every figure is the one Eurostat published. Two geography labels are shortened so that a headline is readable — Eurostat's own label is shown on the brief itself in every case, and no code or figure is altered. Month-on-month differences are given in percentage points, never in percent, because the figures are already rates. A comparison is omitted entirely whenever Eurostat flags either month as a break in series or a change of definition. Provisional and estimated flags are carried into the wording. No explanation of why a figure moved is offered, and none should be inferred from the ordering of these pages.
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