FX.co ★ Spanish February HICP Edges Up to 2.5% Year-on-Year

Spain’s Harmonised Index of Consumer Prices (HICP) in February 2026 registered a year-on-year increase of 2.5%, slightly above January’s 2.4% annual rate. The data, updated on 27 February 2026, indicate a modest acceleration in inflation as measured on a harmonised basis across the euro area.

Both the current and previous readings compare price growth in each respective month with the same month a year earlier. The uptick from January’s 2.4% to February’s 2.5% suggests that inflationary pressures in Spain remain contained but are not easing further, a detail likely to be closely watched by investors and policymakers monitoring price stability within the eurozone framework.