Spain’s consumer price growth quickened in August 2026, with the year-over-year Consumer Price Index (CPI) rising to 4.3%, up from 3.6% in July, according to data updated on 28 August 2026.
Both readings are based on year-over-year comparisons, measuring price changes against the same month a year earlier. The latest figure indicates that inflationary pressures in Spain intensified over the summer, reversing the trend of more moderate increases seen in previous months.
The pickup from July’s 3.6% to August’s 4.3% suggests a renewed acceleration in price growth that policymakers, businesses and households will be watching closely, as it may influence expectations for interest rates, wage negotiations and consumer spending in the coming months.
