Spain's annual inflation held steady at 3.2% for a second month in May, according to provisional data from the National Statistics Institute published Friday.
The reading is below the consensus estimate of 3.3%, according to Investing.com data.
On a monthly basis, consumer prices in Spain were up 0.1%, against the previous 0.4% rise and the expected 0.2% uptick.
The Spanish annual harmonized inflation rate came in at 3.6%, in line with the market forecast and against the previous 3.5%. Month over month, harmonized consumer prices ticked up 0.1%, compared with the 0.7% growth earlier and the expected 0.2% increase.
Meanwhile, the country's annual core inflation rate rose to 2.9% from 2.8%.