FX.co ★ Spanish Inflation Accelerates in March as Monthly CPI Jumps to 1.2%

Spain’s consumer price inflation picked up sharply in March, with the month‑over‑month Consumer Price Index (CPI) rising to 1.2%, up from 0.4% in the previous month.

According to data updated on 14 April 2026, the March 2026 CPI reading reflects a notable acceleration in price growth compared to the prior month‑over‑month increase. The previous indicator, also measured on a month‑over‑month basis, stood at 0.4% and described the change from that earlier month to the month before it.

The latest figure underscores a stronger short‑term inflation dynamic in Spain, as the pace of monthly price increases has effectively tripled from one comparison period to the next. Investors and policymakers will be watching subsequent releases closely to assess whether this marks the start of a more persistent upward trend in consumer prices.