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Spain Inflation Rate Surges to Nearly 2-Year High
Spain’s annual inflation rate jumped to 3.3% in March 2026, its highest since June 2024, compared to 2.3% in February and expectations of 3.7%, according to preliminary data. The increase was largely driven by higher prices for fuels and lubricants for personal vehicles, reflecting the impact of the war with Iran. Electricity prices also contributed, as their decline was smaller than a year earlier, while heating oil prices rose after falling in March 2025. Core inflation, which excludes food and energy, stood at 2.7%. On a harmonised EU basis, annual inflation rose to 3.3% from 2.5%, below forecasts of 3.9%. On a monthly basis, consumer prices increased 1% after a 0.4% rise in February, missing expectations of a 1.2% gain, while the harmonised index rose 1.5% following a 0.4% increase.
Published on 2026-03-27

Spain Inflation Rate Confirmed Steady at 2.3% in February
Spain’s annual inflation rate stood at a seven-month low of 2.3% in February 2026, matching the preliminary estimate and unchanged from January. Slower growth in housing and utilities prices (1.9% vs 2.7% in January), driven by lower electricity prices, helped offset upward pressure from food and non-alcoholic beverages (3.2% vs 3%), restaurants and hotels (4.8% vs 4.5%), and transportation (0.1% vs -0.1%). The core inflation rate, which excludes volatile components like food and energy, inched up to 2.7% in February, the highest since August 2024, from 2.6% previously.
Published on 2026-03-13

Spain Inflation Rate Confirmed Steady at 2.3% in February
Spain’s annual inflation rate stood at a seven-month low of 2.3% in February 2026, matching the preliminary estimate and unchanged from January. Slower price growth in housing and utilities (1.9% vs 2.7% in January), driven by lower electricity prices, helped offset upward pressure from food and non-alcoholic beverages (3.2% vs 3%), restaurants and hotels (4.8% vs 4.5%), and transportation (0.1% vs -0.1%). The core inflation rate, which excludes volatile components like food and energy, inched up to 2.7% in February, the highest since August 2024, from 2.6% previously.
Published on 2026-03-13

Spain Inflation Rate Confirmed Steady at 2.3% in February
Spain’s annual inflation rate stood at a seven-month low of 2.3% in February 2026, matching the preliminary estimate and unchanged from January. Slower price growth in housing and utilities (1.9% vs 2.7% in January), on account of electricity prices (0.3% vs 3.7%), helped offset upward pressure from food and non-alcoholic beverages (3.2% vs 3%), restaurants and hotels (4.8% vs 4.5%), and transportation (0.1% vs -0.1%). The core inflation rate, which excludes volatile components like food and energy, inched up to 2.7% in February, the highest since August 2024, from 2.6% previously. Considering the EU-harmonised, the CPI rose by 2.5% on the year, after a 2.4% increase in January, in line with the earlier estimate. Monthly, the CPI rose by 0.4% after a 0.4% decrease in January; and the EU-harmonised index went up by 0.4%, following a previous 0.8% decline, both matching preliminary estimates.
Published on 2026-03-13

Spain Inflation Rate Confirmed Steady at 2.3% in February
Spain’s annual inflation rate stood at a seven-month low of 2.3% in February 2026, matching the preliminary estimate and unchanged from January. Slower price growth in housing and utilities (1.9% vs 2.7% in January), on account of electricity prices (0.3% vs 3.7%), helped offset upward pressure from food and non-alcoholic beverages (3.2% vs 3%), restaurants and hotels (4.8% vs 4.5%), and transportation (0.1% vs -0.1%). The core inflation rate, which excludes volatile components like food and energy, inched up to 2.7% in February, the highest since August 2024, from 2.6% previously.
Published on 2026-03-13

Spain Inflation Rate Confirmed Steady at 2.3% in February
Spain’s annual inflation rate stood at a seven-month low of 2.3% in February 2026, matching the preliminary estimate and unchanged from January. Slowing prices for housing & utilities (1.9% vs 2.7% in January), on the back of lower electricity prices, helped to cushion the upward pressure from food & non-alcoholic beverages (3.2% vs 3%); restaurants & hotels (4.8% vs 4.5%) and transportation (0.1% vs -0.1%). The core inflation rate, which excludes volatile components like food and energy, inched up to 2.7% in February, the highest since August 2024, from 2.6% previously.
Published on 2026-03-13

Spain Inflation Rate Stays at 2.3%, Slightly Above Forecasts
Spain’s annual inflation rate stood at 2.3% in February 2026, unchanged from January and marking the lowest level in seven months, slightly above analysts' estimates of 2.2%. This mainly reflected lower electricity prices, which had increased in February 2025. Meanwhile, stronger price growth in fuels and lubricants for personal vehicles, restaurants and accommodation services, and food and non-alcoholic beverages exerted upward pressure. Considering the EU-harmonised, the CPI rose by 2.5% on the year, after a 2.4% increase in January, surpassing forecasts of 2.3%.
Published on 2026-02-27

Spain Inflation Rate Stays at 2.3% in February, Tops Forecasts
Spain’s annual inflation rate stood at 2.3% in February 2026, unchanged from January and marking the lowest level in seven months, slightly above analysts' estimates of 2.2%. The steady trend in price growth was mainly supported by lower electricity prices compared with February 2025. Meanwhile, stronger price growth in fuels and lubricants for personal vehicles, restaurants and accommodation services, and food and non-alcoholic beverages exerted upward pressure. Considering the EU-harmonised, the CPI rose by 2.5% on the year, after a 2.4% increase in January, surpassing forecasts of 2.3%.
Published on 2026-02-27

Spain Inflation Rate Stays at 2.3% in February, Tops Forecasts
Spain’s annual inflation rate stood at 2.3% in February 2026, unchanged from January and marking the lowest level in seven months, slightly above analysts' estimates of 2.2%. The ongoing stability in price growth was mainly supported by lower electricity prices compared with February 2025, partly offset by stronger increases in fuels and lubricants for personal vehicles, restaurants and accommodation services, and food and non-alcoholic beverages. The core inflation rate, which excludes volatile components like food and energy, inched up to 2.7% in February, the highest since August 2024, from 2.6% previously. Considering the EU-harmonised, the CPI rose by 2.5% on the year, after a 2.4% increase in January, surpassing forecasts of 2.3%. Monthly, the CPI rose by 0.4% after a 0.4% decrease in January. The EU-harmonised index went up by 0.4%, following a 0.8% decline in January and sightly above estimates of a 0.3% rise.
Published on 2026-02-27

Spain Inflation Rate Stays at 2.3%, Slightly Above Forecasts
Spain’s annual inflation rate stood at 2.3% in February 2026, unchanged from January and marking the lowest level in seven months, slightly above analysts' estimates of 2.2%. This mainly reflected lower electricity prices, which had increased in February 2025. Meanwhile, stronger price growth in fuels and lubricants for personal vehicles, restaurants and accommodation services, and food and non-alcoholic beverages exerted upward pressure. Considering the EU-harmonised, the CPI rose by 2.5% on the year, after a 2.4% increase in January, surpassing forecasts of 2.3%.
Published on 2026-02-27

Spain Inflation Rate Stays at 2.3% in February, Tops Forecasts
Spain’s annual inflation rate stood at 2.3% in February 2026, unchanged from January and marking the lowest level in seven months, slightly above analysts' estimates of 2.2%. The ongoing stability in price growth was mainly supported by lower electricity prices compared with February 2025, partly offset by stronger price increases in fuels and lubricants for personal vehicles, restaurants and accommodation services, and food and non-alcoholic beverages. Considering the EU-harmonised, the CPI rose by 2.5% on the year, after a 2.4% increase in January, surpassing forecasts of 2.3%.
Published on 2026-02-27

Spain Inflation Rate Remains Steady at 2.3%
Spain’s annual inflation rate stood at 2.3% in February 2026, unchanged from January and marking the lowest level in seven months, slightly above analysts' estimates of 2.2%. This mainly reflected lower electricity prices, which had increased in February 2025. However, stronger price growth in fuels and lubricants for personal vehicles, restaurants and accommodation services, and food and non-alcoholic beverages exerted upward pressure compared with a year earlier. Considering the EU-harmonised, the CPI rose by 2.5% on the year, after a 2.4% increase in January, surpassing forecasts of 2.3%.
Published on 2026-02-27

Spain Inflation Rate Stays at 2.3% in February, Tops Forecasts
Spain’s annual inflation rate stood at 2.3% in February 2026, unchanged from January and marking the lowest level in seven months, slightly above analysts' estimates of 2.2%. The ongoing stability in price growth was mainly supported by lower electricity prices compared with February 2025, partly offset by stronger price increases in fuels and lubricants for personal vehicles, restaurants and accommodation services, and food and non-alcoholic beverages. The core inflation rate, which excludes volatile components like food and energy, inched up to 2.7% in February, the highest since August 2024, from 2.6% previously. Considering the EU-harmonised, the CPI rose by 2.5% on the year, after a 2.4% increase in January, surpassing forecasts of 2.3%.
Published on 2026-02-27

Spain Inflation Rate Stays at 2.3%, Slightly Exceeds Forecasts
Spain’s annual inflation rate stood at 2.3% in February 2026, unchanged from January and marking the lowest level in seven months, slightly above analysts' estimates of 2.2%. This mainly reflected lower electricity prices, which had increased in February 2025. Meanwhile, stronger price growth in fuels and lubricants for personal vehicles, restaurants and accommodation services, and food and non-alcoholic beverages exerted upward pressure. Considering the EU-harmonised, the CPI rose by 2.5% on the year, after a 2.4% increase in January, surpassing forecasts of 2.3%.
Published on 2026-02-27

Spain Inflation Rate Stays at 2.3% in February, Tops Forecasts
Spain’s annual inflation rate stood at 2.3% in February 2026, unchanged from January and marking the lowest level in seven months, slightly above analysts' estimates of 2.2%. This mainly reflected lower electricity prices, which had increased in February 2025. Meanwhile, stronger price growth in fuels and lubricants for personal vehicles, restaurants and accommodation services, and food and non-alcoholic beverages exerted upward pressure. Considering the EU-harmonised, the CPI rose by 2.5% on the year, after a 2.4% increase in January, surpassing forecasts of 2.3%.
Published on 2026-02-27

Spain Inflation Rate Stays at 2.3% in February, Tops Forecasts
Spain’s annual inflation rate stood at 2.3% in February 2026, unchanged from January and marking the lowest level in seven months, slightly above analysts' estimates of 2.2%. The ongoing stability in price growth was mainly supported by lower electricity prices compared with February 2025, partly offset by stronger price increases in fuels and lubricants for personal vehicles, restaurants and accommodation services, and food and non-alcoholic beverages. The core inflation rate, which excludes volatile components like food and energy, inched up to 2.7% in February, the highest since August 2024, from 2.6% previously. Considering the EU-harmonised, the CPI rose by 2.5% on the year, after a 2.4% increase in January, surpassing forecasts of 2.3%. Monthly, the CPI rose by 0.4% after a 0.4% decrease in January. The EU-harmonised index went up by 0.4%, following a 0.8% decline in January and sightly above estimates of a 0.3% rise.
Published on 2026-02-27

Spain Inflation Rate Revised Slightly Down
Spain's annual inflation rate was revised to 2.3% in January 2026, below the preliminary 2.4% reading and down from 2.9% in December. The latest data point was the lowest since June 2025, extending the disinflation trend to three straight months, mainly reflecting a slower rise in prices of electricity and a decline in fuels & lubricants costs. The core inflation rate, which excludes volatile components like food and energy, stood at a one-year high of 2.6% for the third straight month, in line with the initial estimate.
Published on 2026-02-13

Spain Inflation Rate Revised Slightly Down
Spain's annual inflation rate was revised to 2.3% in January 2026, below the preliminary 2.4% reading and down from 2.9% in December. The latest data point was the lowest since June 2025, extending the disinflation trend to three straight months, largely due to a slower increase in electricity prices and a decline in fuel and lubricant costs. The core inflation rate, which excludes volatile components like food and energy, stood at a one-year high of 2.6% for the third straight month, in line with the initial estimate. Considering the EU-harmonised, the CPI rose 2.4% on the year, down from the preliminary reading of 2.5% and below 3% in the prior month. Monthly, the CPI fell by 0.4%, after a 0.3% increase in December, as initially estimated; and the EU harmonized decreased by 0.8%, after a 0.3% rise in the month before, slightly exceeding the preliminary estimate of a 0.7% decline.
Published on 2026-02-13

Spain Inflation Rate Revised Slightly Down
Spain's annual inflation rate was revised to 2.3% in January 2026, below the preliminary 2.4% reading and down from 2.9% in December. The latest data point was the lowest since June 2025, extending the disinflation trend to three straight months, largely due to a slower increase in electricity prices and a decline in fuel and lubricant costs. Moreover, prices fell markedly for clothing & footwear (-1.9% vs 0.2%). The core inflation rate, which excludes volatile components like food and energy, stood at a one-year high of 2.6% for the third straight month, in line with the initial estimate. Considering the EU-harmonised, the CPI rose 2.4% on the year, down from the preliminary reading of 2.5% and below 3% in the prior month. Monthly, the CPI fell by 0.4%, after a 0.3% increase in December, as initially estimated; and the EU harmonized decreased by 0.8%, after a 0.3% rise in the month before, slightly exceeding the preliminary estimate of a 0.7% decline.
Published on 2026-02-13

Spain Inflation Rate Revised Slightly Down
Spain's annual inflation rate was revised to 2.3% in January 2026, below the preliminary 2.4% reading and down from 2.9% in December. This was the lowest reading since June 2025, extending the disinflation trend to three straight months, largely due to a slowdown in electricity prices (3.7% vs 12.6% in December) and a decline in fuel costs, such as gasoline (-7.4%) and diesel (-5.9%). Moreover, prices dropped for clothing & footwear (-1.9% vs 0.2%). The core inflation rate, which excludes volatile components like food and energy, stood at a one-year high of 2.6% for the third month, in line with the initial estimate. Considering the EU-harmonised, the CPI rose 2.4% on the year, down from the preliminary reading of 2.5% and below 3% in the prior month. Monthly, the CPI fell by 0.4%, after a 0.3% increase in December, as initially estimated; and the EU harmonized decreased by 0.8%, after a 0.3% rise in the month before, slightly exceeding the preliminary estimate of a 0.7% decline.
Published on 2026-02-13