Spanish inflation unexpectedly exceeds the European Central Bank's target level

```htmlGolden Ten Data reported on June 29 that, according to foreign media, energy prices have declined since the US and Iran reached a peace agreement, but Spain’s inflation rate remains unexpectedly well above the European Central Bank’s 2% target level. Data released on Monday show that Spain’s Harmonized CPI annual rate in June stayed at 3.6%, unchanged from May. The main influencing factors are electricity and natural gas costs, although gasoline prices have somewhat curbed the increase in inflation. Spain’s inflation figures are the first significant inflation data released after the European Central Bank’s rate hike, with other major economies’ inflation data to be released on Tuesday, and the overall Eurozone inflation data to be published on Wednesday. The market generally expects the inflation rate to slow, and has recently reduced bets on further European Central Bank rate hikes.```