14 October 2026

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

September 2026

Main results

The annual variation rate of the September CPI stood at 4.9%, six tenths above that recorded in August.
The annual core inflation rate rose two tenths of a percentage point to 3.1%.
The monthly variation of the general rate was 0.3%.
The annual rate of the Harmonised Index of Consumer Prices (HICP) was 5.0%, four tenths of a percentage point 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 CPI Base 2025
Videos: What is the Shopping Basket / The CPI
How much has the CPI varied since... / Infographic of annual CPI rates

The annual rate of the overall Consumer Price Index (CPI) in September was 4.9%, six tenths higher than the previous month. This is the highest rate recorded since February 2023.

The groups that stood out most in terms of their positive influence in the annual rate were:

Recreational activities, sport and culture, which recorded an annual rate of 3.6%, nearly two and a half points higher than in the previous month. This was due to the prices of package holidays, which had fallen less than in the same month of 2025.
Transport, whose annual variation rose by one point to 10.5%. This increase was due mainly to the prices of fuels and lubricants for personal vehicles, which rose and then fell in September 2025. The same occurred in the prices of carriage of passengers by air, which decreased to a lesser extent than last year.

The annual variation of core inflation (the overall index excluding unprocessed food and energy products) stood at 3.1%, two tenths higher than in the previous month.

Annual CPI rate

Overall and core index. Percentage

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            2.4,
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Monthly evolution of consumer prices

In September, the monthly rate of the general CPI was 0.3%.

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

Clothing and footwear, with a variation rate of 6.9%. This reflects the behaviour of prices at the beginning of the autumn-winter season. The impact of this group on the overall CPI was 0.205.
Housing, with a monthly rate of 1.1% and an impact of 0.134, due to the increase in electricity and liquid fuels prices.

On the other hand, the main groups with a negative monthly impact were:

Recreational activities, sport and culture, with a rate of -2.5% and an impact of -0.189, due to the lower prices of package tours.

Results by autonomous communities

The CPI recorded positive annual rates in all autonomous communities in September.

Castilla-La Mancha and Galicia recorded the highest increases (5.5% each) and Canarias and Aragón the lowest (4.4% both).

Annual CPI rates by Autonomous Community. September 2026

Percentage

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Harmonised Index of Consumer Prices (HICP)

In September, the annual variation rate of the HICP stood at 5.0%, four tenths of a percentage point higher than in the previous month.

The monthly variation of the HICP was 0.6%.

Annual HICP rate

General rate. Percentage (the latest Eurozone figure is preliminary)

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            3.2,
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            2.5,
            2.3,
            2.2,
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            2,
            2,
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            2.1,
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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 of 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, the methodological differences between the CPI and the HICP and the standardised methodology report (CPI y HICP).

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

Official INE account on @es_ine

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