FX.co ★ Spain’s Inflation Steady at 2.3% in February, Holding Year-on-Year Pace

Spain’s consumer price inflation remained unchanged in February, with the year-on-year Consumer Price Index (CPI) holding at 2.3%, according to data updated on 13 March 2026. The reading matches the previous annual rate of 2.3% recorded in February 2026, indicating price growth has stabilized on a year-over-year basis.

The February figure means that, compared with the same month a year earlier, the overall level of consumer prices in Spain rose at the same pace as in the prior comparison period. The “actual” rate reflects the change in prices in February versus February a year ago, while the “previous” rate captured the change in the prior month versus its year-ago counterpart, and both stand at 2.3%.

The steady outcome suggests that, at least for now, underlying inflation pressures are neither accelerating nor easing markedly in Spain, offering a degree of predictability for households, businesses and policymakers monitoring the country’s price dynamics on a year-over-year basis.