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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain CPI YoY held to 3.2% in June 2026
FMPMonthlyReleased July 2026
Spain CPI YoY held to 3.2% in June 2026, released July 2026. The reading matched expectations. Over the past 3 months, CPI YoY averaged 3.08%, vs 3.1% in the prior 3-month window.
Latest Release
3.2
Actual
3.2
Consensus
3.2
Previous
Median Absolute Error
±0.09 percentage points
across last 6 releases
Last Call
Jul 2026
Predicted: 3.2
Actual: 3.2
Error: +0
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.87 | CRYPTO | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.67 | FOREX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.55 | INDEX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.36 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI YoY (Spain) was reported at 3.2% in July 2026. This matched the market consensus of 3.2% exactly. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 3.12%, ranging from 2.8% to 3.3% across 6 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 3.13%, up from the prior three at 3.1%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with GBP/USD, negatively correlated (Bearish GBP). Over the last 6 releases, the Sigmacast model's median absolute error is 0.09%.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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CPI YoY - ES
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About CPI YoY — Spain
DEFINITION
Spain's CPI YoY for June held steady at 3.200%, matching both estimates and May's reading of 3.200%. This stability follows a slight dip from March's 3.3% and April's 2.9%, indicating a consistent inflation trend. Market focus remains on upcoming ECB policy decisions amid unchanged inflation pressures. Updated 7/15/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 3.2 %, consensus 3.2 %. Prior reading (Jun 2026): 3.2 %. Before that (May 2026): 3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with BTC/USD (Bearish BTC, r=-0.87) — a useful reference for crypto-focused traders.
Σ
EXPECTED ZONE
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