Spain’s core consumer price index (CPI) inched higher in February 2026, rising to 2.7% year-over-year, up from 2.6% on the same basis. According to the latest data updated on 13 March 2026, the move marks a slight but continued acceleration in underlying inflation pressures compared with a year earlier.
The figures are calculated on a year-over-year basis, with the current reading reflecting the change in prices in February 2026 compared with February 2025. The previous indicator, also measured year-over-year, showed a 2.6% increase, underlining that core inflation has remained relatively stable but is still nudging upward. This modest uptick will be watched by markets and policymakers as they assess the persistence of underlying price pressures in Spain’s economy.
