Spain’s consumer price index (CPI) remained unchanged in October 2026, with headline inflation holding at 4.9% year-on-year, according to data updated on 13 November 2026. The reading matches the previous annual rate of 4.9%, also recorded in October 2026 on a year-over-year basis, indicating a period of stability in price growth.
The October figure shows that inflationary pressures in Spain have neither intensified nor eased compared to the same month a year earlier, when prices were rising at the same 4.9% annual pace. In year-over-year terms, the “actual” October 2026 reading reflects the change in prices versus October of the previous year, while the “previous” indicator captured the change in the prior month relative to its level a year earlier.
The flat profile of the CPI suggests that, at least for now, Spain’s inflation path is in a holding pattern, providing policymakers and markets with a clearer—if not yet more comfortable—view of the price environment as they assess the trajectory of monetary policy and real household purchasing power.
