Spain’s Harmonised Index of Consumer Prices (HICP) edged down in October 2026, pointing to a modest easing in inflationary momentum on a month‑over‑month basis. According to the latest data updated on 30 October 2026, the HICP rose 0.5% in October, compared with a 0.6% increase in September 2026.
The reading indicates that while prices are still moving higher, the pace of monthly gains has slowed slightly from the previous period. The “actual” October figure reflects the change from September to October, whereas the “previous” comparison captures the change from August to September. This marginal deceleration may be monitored closely by markets and policymakers as they assess the trajectory of inflation in Spain heading into the final months of 2026.
