FX.co ★ Spain’s Core CPI Holds Steady at 2.9% in August, Signalling Stable Underlying Inflation

Spain’s core consumer price index (CPI) rose 2.9% year-over-year in August 2026, unchanged from the previous reading of 2.9%, according to data updated on 15 September 2026. The indicator measures underlying inflation by excluding more volatile components and is compared to the same month a year earlier.

The latest figure suggests that underlying price pressures in Spain have stabilized on an annual basis, with no acceleration or deceleration in core inflation relative to the prior month’s year-over-year reading. This stability in core CPI may be closely watched by markets and policymakers as they assess the durability of Spain’s disinflation trend and its implications for future monetary and fiscal decisions.