Spain’s consumer prices moved back into positive territory in February 2026, with the month-over-month Consumer Price Index (CPI) rising 0.4%, according to data updated on 13 March 2026. The figure marks a sharp turnaround from the previous reading of -0.4%, which also referred to February 2026 but measured price changes against the prior month.
The comparison is based on a month-over-month perspective: the current 0.4% reading reflects how prices in February evolved relative to January, while the earlier -0.4% figure captured how prices in the previous month changed compared with the month before that. The swing from negative to positive territory suggests a rebound in price momentum after a brief period of month-on-month decline.
While the data do not specify sector breakdowns or underlying drivers, the shift into positive monthly inflation indicates that the deflationary pressures seen earlier in the period have eased. Market observers will be watching upcoming releases closely to determine whether February’s move signals the start of a more sustained upward trend in Spanish consumer prices or a short-lived correction.
