13 March 2026

Consumer Price Index (CPI)
Harmonised Index of Consumer Prices (HICP)

February 2026

Main results

The annual variation rate of the CPI for the month of August stood at 2.3%, the same as that recorded in January.
The annual rate of core inflation rose one tenth of a percentage point to 2.7%.
The monthly variation of the general rate was 0.4%.
The annual rate of the Harmonised Index of Consumer Prices (HCPI) stood at 2.5%, one tenth higher than in the previous month.

More information

Annex of tables (includes information from the Autonomous Communities)
Detailed results of CPI and HICP
Main features of the IPC Base 2025
Videos: What is the Shopping Basket / The CPI
How much has the CPI varied since...

The annual rate of the overall Consumer Price Index (CPI) in February was 2.3%, the same as that recorded the previous month.

The group which most influenced this decrease in the annual rate was:

Housing, whose change year on year stood at 1.9%, eight points lower than last month’s figure. This behaviour was due to lower electricity prices, in contrast to the increase in February 2025.

Among the groups with a positive contribution, the most noteworthy were:

Restaurants and accommodation services, whose annual rate rose by three tenths to 4.8%. This increase was due to higher prices for restaurants andaccommodation services which was greater than the increase recorded in February of the previous year.
Food and non-alcoholic beverages with a rate of 3.2%, was two tenths above that of the previous month. This development was mostly due to stable prices for oils and fats and fish and seafood, compared with price drops in the same month in 2025.

The annual variation rate of core inflation (the overall index excluding unprocessed food and energy products) stood at 2.7%, a figure one tenth higher than in the previous month.

Annual CPI Rate

Overall and core index. Percentage

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Monthly evolution of consumer prices

In February, the monthly variation rate of the general CPI was 0.4%.

The groups with the greatest positive monthly impact to the CPI monthly rate were:

Restaurants and accommodation services, with a monthly change of 0.9%, due to price increases in restaurants and accommodation services. The impact of this group on the overall CPI was 0.162.
Transportation, with a rate of 0.8% due mainly to the increase in the prices of fuels and lubricants for personal vehicles. The impact of this group on the overall CPI was 0.122.
Food and non-alcoholic beverages, with a rate of 0.6% and an impact of 0.101 due to the rise in the prices of fruits and nuts and vegetables, pulses and potatoes.

Results by Autonomous Community

The CPI recorded positive annual rates in all the autonomous communities in February.

Comunidad de Madrid had the highest rate (2.9%), while Principado de Asturias, Castilla-La Mancha, Galicia, Región de Murcia and La Rioja the lowest (all 2.0%).

Annual CPI rates by Autonomous Community. February 2026

Percentage

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Harmonised Index of Consumer Prices (HCPIs)

In February, the annual variation rate of the HCPI stood at 2.5%, one tenth higher than in the previous month.

The monthly variation of the HCPI was 0.4%.

Annual HCPI rate

General index. Percentage (the latest Monetary Union figure is a preliminary one)

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Data revisions and updates

The data published today is final and is not subject to further revision. All the results are available on INEBase.

Methodological note

The Consumer Price Index (CPI) is a short-term indicator that measures the evolution of the prices of consumer goods and services acquired by households resident in Spain.

On the other hand, the Harmonized Index of Consumer Prices (HICP) is an indicator whose objective is to provide a common inflation measure that allows international comparisons.

Type of survey:: continuous monthly survey.
Base period:: 2025 (CPI) and 2025 (HICP).
Reference period for the weightings:: year prior to the present year.
Sample of municipalities:: 177.
Number of products:: 487 for traditional collection, and 263 for scanner data. (CPI and HICP).
Number of observations:: approximately 200,000 monthly prices.
Functional classification:: ECOICOP version 2.
General calculation method:: Laspeyres’ Chain Index.
Collection method:: interviewing agents in establishments, scanner data and centralised collection for special items.

For more information you can access the methodology and the standardised methodological report at (IPC and IPCA).

INE statistics are produced in accordance with the Code of Good Practice for European Statistics. More information on Quality at INE and Code of Best Practices.

For further information see

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Consumer Price Index (CPI)Harmonised Index of Consumer Prices (HICP)