Spain’s consumer price growth accelerated notably in March 2026, with the year-over-year Consumer Price Index (CPI) rising to 3.3%, up from 2.3% in February 2026. The data, updated on 27 March 2026, signal a clear pickup in inflationary pressures compared with the same period a year earlier.
On a year-over-year basis, the March reading means prices are now rising one percentage point faster than in February, when the CPI increase was 2.3% compared with February of the previous year. The “actual” March figure reflects the change in prices versus March a year ago, while the “previous” February figure captured the change versus February a year earlier.
The acceleration underscores a strengthening inflation trend in Spain as of early spring 2026, which will be closely watched by policymakers, markets and consumers for clues on future interest rate and wage dynamics.
