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2025-12-12 16:42:00
[Spain's November Inflation Rate Confirmed at 3%] ⑴ Spain's annual inflation rate for November 2025 was 3%, slightly lower than October's 3.1%, in line with preliminary estimates. ⑵ The slowdown in inflation was mainly driven by a slower increase in housing and utility prices, which rose by 5.7%, lower than October's 7.5%, with electricity prices rising by 11.9%, lower than October's 18.7%. ⑶ On the other hand, food and non-alcoholic beverage prices accelerated to 2.8%, higher than October's 2.4%, mainly due to rising prices of oils, milk, cheese, and eggs. ⑷ Entertainment and cultural prices also accelerated to 1.2%, higher than October's 0.1%, mainly driven by rising all-inclusive holiday costs. ⑸ Core inflation, excluding volatile components such as food and energy, was confirmed at 2.6%, a one-year high, higher than October's 2.5%. ⑹ The EU Harmonized Index of Consumer Prices (HICP) rose by 3.2% year-on-year, slightly higher than the previously estimated 3.1%, and in line with October's growth rate. (7) On a month-on-month basis, the Consumer Price Index (CPI) rose 0.2%, compared to 0.7% in the previous month; the EU harmonized index remained flat month-on-month, compared to 0.5% in the previous month, both in line with preliminary estimates.
