FX.co ★ Spain’s Harmonised Inflation Inches Up to 2.5% in February, Topping Prior Reading

Spain’s Harmonised Index of Consumer Prices (HICP) edged higher in February, with the year-over-year rate rising to 2.5%, up from 2.4% previously. Both the current and prior readings are measured against the same month a year earlier, reflecting modest but continued inflationary pressure in the Spanish economy.

The February 2026 figure, updated on 13 March 2026, suggests that while inflation remains relatively contained, it is still moving slightly above the earlier pace. The harmonised measure is closely watched as it allows for consistent comparison across euro area countries, offering insight into how Spain’s price dynamics align with broader trends in the monetary union.