In August 2025, inflation in Spain remained at 2.7% year-on-year, according to data published by the country’s National Statistics Institute. The stability of the consumer price index is attributed to the fact that higher fuel costs were partially offset by lower food prices and a slowdown in electricity price growth.
For the previous two months, inflation in Spain had been accelerating, but this trend paused in August. Experts note that fuel prices decreased less significantly this month than a year ago, putting upward pressure on the overall inflation rate. At the same time, food and non-alcoholic beverage prices dropped more sharply than in August of last year, and the increase in electricity tariffs was less pronounced.
According to specialists, this price trend is helping Spanish households gradually recover their purchasing power. Wage growth combined with stable prices allows families to slowly return to their previous level of spending.
Core inflation, which excludes fluctuations in unprocessed food and energy prices, rose by 0.1 percentage points in August to reach 2.4%. This is the highest rate since April of the current year. Thus, core inflation in Spain has risen for the second consecutive month, indicating continued pressure on domestic prices.
On a monthly basis, compared to July, the consumer price index remained unchanged. For reference, July saw a 0.1% decline, interrupting a nine-month streak of consecutive price increases. The harmonized consumer price index, used for comparison with other EU countries, also held steady at 2.7% year-on-year with no change from July. Core inflation by the harmonized index is estimated at 2.4%.
Final inflation data for August will be released by the National Statistics Institute on September 12. Economists continue to closely monitor price trends, as inflation remains one of the key factors shaping the country’s economic situation.
