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Spain's June annual inflation rate surpasses 10% the first time since 1985

June 29 (Reuters) - Spanish 12-month inflation rose to 10.2% in June, the first time it surpassed 10% since April 1985, up from 8.7% the previous month, preliminary data from the National Statistics Institute (INE) showed on Wednesday. The reading was higher than the 9.0% forecast by analysts polled by Reuters. Core inflation, which strips out volatile food and energy prices, rose to 5.5% year-on-year from 4.9% a month earlier, the INE data showed. Spanish European Union-harmonised inflation was 10.0% in the 12 months through June, up from 8.5% a month earlier. (Reporting by Joao Manuel Mauricio in Gdansk, editing by Inti Landauro) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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