Spain's final 12-month EU-harmonised inflation at 2.7% in July

(Reuters) -Spain’s European Union-harmonised 12-month inflation rate rose to 2.7% in July, up from 2.3% in the period through June, final data released by the National Statistics Institute (INE) showed on Wednesday.

The INE’s final data was in line with the 2.7% forecast in both the flash reading released two weeks ago and the average estimate from analysts polled by Reuters.

Core inflation, which strips out volatile fresh food and energy prices, rose to 2.3% in the 12-months through July, up from 2.2% in the period through June, the INE said.

Spanish national consumer prices also rose 2.7% in the 12 months through July, up from a 2.3% increase in the period through June, and in line with the 2.7% rate initially measured by the INE two weeks ago.