FX.co ★ Spain’s Inflation Accelerates as March CPI Jumps to 3.4% Year-on-Year

Spain’s consumer price inflation picked up sharply in March, with the year-on-year Consumer Price Index (CPI) rising to 3.4%, according to data updated on 14 April 2026. The rate marks a notable acceleration from the previous 2.3% year-on-year increase registered in the comparison period.

Both the previous and current indicators refer to year-over-year changes, comparing each March reading with the same month a year earlier. The latest figure suggests growing price pressures in the Spanish economy, as inflation has moved more than a full percentage point higher between the two reported readings. Investors and policymakers will now be watching closely to see whether this acceleration in March CPI proves temporary or signals a more persistent inflationary trend in Spain.