FX.co ★ Spain’s Inflation Plateau: October CPI Holds Steady at 4.9% Year-on-Year

Spain’s consumer price inflation stalled in October 2026, with the annual Consumer Price Index (CPI) holding at 4.9% year-on-year, unchanged from September’s reading, according to data updated on 30 October 2026.

The October figure confirms that inflationary pressures in Spain have neither intensified nor eased on an annual basis compared with the previous month. Both the “previous” indicator for September and the “actual” reading for October reflect year-on-year comparisons, measuring price changes versus the same month a year earlier.

The stabilization at 4.9% suggests that, at least for now, Spain remains in an environment of relatively elevated but steady inflation, which policymakers and markets will continue to monitor closely for signs of either renewed acceleration or a gradual cooling in the months ahead.