FX.co ★ Spain’s HICP Eases to 0.6% in September, Signalling Slight Cooling in Price Momentum

Spain’s Harmonised Index of Consumer Prices (HICP) edged down to 0.6% month-over-month in September 2026, from 0.7% in August 2026, according to the latest data updated on 29 September 2026. The figure points to a modest cooling in short-term price momentum as measured on a monthly basis.

The “actual” reading for September compares the change in prices against August, while the “previous” figure reflects August’s change versus July. The slight deceleration from 0.7% to 0.6% suggests that, while inflationary pressures remain present in Spain, the pace at which prices are rising has softened marginally as the third quarter draws to a close.