Inflation
53 newsIt keeps the Spanish angle clear, linking public decisions, local events and everyday practical impact.
Spain’s Inflation Hits 4.9% as Food Costs Climb
Annual inflation reached 4.9% in September, while the OCU counted 29 spending categories with rises above 5%. Fresh berries led food price increases, up 47.4%.
Spain holds fuel discount at 20 cents in November
A September jump in fuel prices has kept the 20-cent-per-litre discount on petrol and diesel in place for November. The December rate depends on October prices.
Spain’s Inflation Reaches 4.9% as Egg Prices Jump
Spain’s annual inflation reached 4.9% in September. Eggs rose 12.3%, while supermarkets say energy and logistics bills have added more than €130 million in costs.
Spain’s Growth Forecast Rises as Energy Fuels Inflation
The Banco de España lifts its growth forecasts for 2026 and 2027. Domestic demand is holding up, but higher energy costs are pushing inflation further from the European Central Bank’s target.
Spain Raises Growth Forecast as Energy Costs Drive Inflation
The Bank of Spain lifted its 2026 growth forecast to 2.6%, yet expects inflation to average 3.9%. Energy costs are squeezing households and public finances as the recovery gathers pace.
Pension hikes in limbo as Spain’s November election stalls budget process
Spain’s snap election on November 29 has thrown pension increases for 2027 into doubt. With no new budget and a caretaker government likely, retirees face a legal maze and political delays over how their payments will be updated.
Spain's electricity market crosses the 200 euro mark
Spain's wholesale electricity price will average 201.99 euros per MWh on Tuesday, the highest daily level since December 2022. Rising gas costs and stronger demand are pushing the market higher.
Eurozone inflation jumps to 3.8% as energy costs surge
Eurozone inflation reached 3.8% in September, driven by a sharp rise in energy costs. Europe now faces more expensive gas and oil imports as governments prepare for winter.
Ibex 35 stays above 19,000 as markets await US jobs data
The Ibex 35 held above 19,000 points at midday on Friday as investors waited for US employment data. French borrowing costs, faster euro-area inflation and falling oil prices kept the wider market cautious.
Euribor climbs above 3% as Spanish mortgage pressure deepens
The 12-month euríbor reached 3.247% in September. Variable mortgage borrowers face higher October payments as housing prices remain near record levels.
Canary Islands mortgages hit highest euríbor level since July 2024
The euríbor reached 3.24% in September, adding about €85 to a typical monthly mortgage payment. Rising energy prices and inflation are putting further pressure on household budgets.
Euribor reaches its highest monthly level since July 2024
Spain's mortgage benchmark has risen for a third straight month. The September average reached 3.247%, putting more pressure on variable-rate borrowers at their next review.
Variable mortgages face another sharp rise in Spain
Spanish variable mortgages face fresh pressure after the Euribor reached 3.24% in September. Annual reviews could add more than €1,000 to some household costs.
Ibex seeks a rebound as oil and bond yields ease
The Ibex is looking for a late-quarter recovery as oil prices and bond yields pull back. Investors now await the Federal Reserve's preferred inflation gauge from the United States.
Spain's inflation surges to its highest level since 2023
Spain's inflation reached 4.9% in September. Fuel costs and package holidays drove the sharpest monthly rise since February 2023.
Europe weighs fuel relief as pressure to cut energy use grows
Britain is studying temporary limits on fuel purchases as energy prices rise again. Brussels is asking governments to cut gas and electricity use, while Spain prepares fresh support for drivers and households.
Euribor rise puts Spanish variable mortgages under fresh pressure
The Euribor is set to reach 3.22% in September. Average variable mortgage payments could rise by €828 a year as the ECB keeps pressure on borrowing costs.
Spanish pensions to rise sharply as inflation pushes forecasts higher
Spanish pensioners could see their payments jump by more than 3 percent in 2027. With inflation running hot, the final increase will depend on price trends through November. Here’s what the latest numbers mean for retirees.
Investors demand crisis-era returns on Western government debt
The 10-year US Treasury yield has moved above 5%, while European debt has crossed key thresholds. Fiscal pressure, inflation and geopolitical risks are pushing investors to demand more from governments.
Ibex 35 rises as Solaria rebounds and Repsol slides
Spain's Ibex 35 ended higher despite weaker GDP data and a late loss of momentum. Solaria jumped nearly 9% after its sharp fall, while Repsol dropped more than 2% as oil prices declined.
Spain's Growth Faces an Inflation Test
The OECD expects Spain's economy to grow by 2.6% in 2026, but prices could rise faster than household incomes. In Galicia, shellfish sales have fallen sharply as pollution, lower salinity and climate change cut production.
OECD raises Spain's 2026 growth forecast to 2.6%
The OECD has lifted its growth forecasts for Spain in 2026 and 2027, citing strong domestic demand. It also expects inflation to run higher than previously forecast.
OECD lifts Spain’s growth outlook but warns inflation is eating into family budgets
Spain is on track for stronger growth in 2026, with the OECD raising its forecast. But inflation is still running high, putting pressure on Spanish families’ wallets.
Balearic PP calls for tax cuts as inflation hits 4.4%
Inflation in the Balearic Islands reached 4.4% in August, slightly above Spain's 4.3%. The PP wants lower energy taxes, relief on basic food and stronger transport compensation for the islands.
Diesel Costs Surge 68% Before Tax Since Iran War Began
Diesel has risen 68% before tax since the war began. Tax relief has softened the increase for drivers, but transport groups are demanding fresh support before the current measures expire.
US war spending on Iran triggers new crisis for Trump before elections
The US has spent nearly 40 billion dollars on the war with Iran. Missile reserves are running low and inflation is rising. Trump’s claims of victory clash with mounting costs and voter frustration.
Fuel price surge triggers sharp inflation in Extremadura
Inflation in Extremadura has jumped to 4.2 percent over the past year. The main driver is a dramatic rise in petrol and diesel prices. Authorities and unions now face mounting pressure over wages and living costs.
Mercadona Loses Ground as Shoppers Seek Cheaper Alternatives
Mercadona's grip on Spain's supermarket sector is slipping as inflation and fuel prices climb. With government relief measures ending, more shoppers are turning to Dia and Lidl for lower prices.
Fuel prices drive Spain’s sharpest inflation spike since early 2023
Spain’s inflation hit 4.3 percent in August, the highest since February 2023. Fuel prices jumped by more than 21 percent, and government discounts did little to cushion the blow.
Mercadona's market share stalls as inflation and fuel costs reshape Spanish supermarkets
Mercadona's market share has stopped growing as inflation and rising fuel prices push shoppers toward discount chains. With government subsidies set to expire, Spanish households face more uncertainty.
Spanish inflation hits 18-month high as fuel prices surge
Spain's inflation rate climbed to 4.3% in August, the highest since February 2023. Fuel prices led the increase, pushing up household expenses for the second month in a row. The government is keeping tax relief measures in place as families feel the strain.
Government Doubles Diesel Subsidy as Fuel Prices Surge in Spain
Spain will increase its diesel fuel subsidy to 20 cents per litre from September 1, 2026, in response to a sharp price spike. Gasoline aid, meanwhile, will drop to 5 cents as the government adjusts support to inflation trends.
US job market contracts in July despite Wall Street surge
The US lost 23,000 jobs in July, defying forecasts and lowering the labor force participation rate. Persistent inflation and a weaker job market now put the Federal Reserve in a difficult position.
Mid-sized and online banks compete for deposits, while major players are slow to change terms
Spanish Banks Raise Deposit Rates: Why This Worries the ECB. Interest in bank deposits is rising again in Spain, with some banks offering up to 3% per annum to attract clients. However, the European Central Bank warns that excessive savings in accounts could create problems for future pensions and the economy.
Wedding Season 2026: How Gift Amounts Are Changing Among Spanish Celebrities
How Much Do People Give at Weddings: The New Reality of Spanish Celebrations. Spain is debating how much to give as a wedding gift in 2026. Experts say previous amounts are now outdated. Rising prices and new rules of wedding etiquette are at the center of attention.
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