Spain's 12-month inflation rate inched up to 5.8% in January

Core inflation, which strips out volatile fresh food and energy prices, was 7.5% year-on-year, higher than the 7.0% recorded in December, the INE data showed.

(Reuters) - Spain's consumer prices rose 5.8% year-on-year in January, a faster pace than the 5.7% over the 12 months to December and the first increase since July 2022, preliminary data from the National Statistics Institute (INE) showed on Monday.

Spain's European Union-harmonised 12-month inflation was 5.8%, up from 5.5% in December and above the 4.7% expectation from analysts polled by Reuters.

(Reporting by Joao Manuel Mauricio in Gdansk, editing by Inti Landauro)