Spanish Inflation Rate Fell to Three Percent in December
Spain's EU-harmonised inflation rate dropped to 3.0% in December from 3.2% in November. Final data released on Thursday shows fuel price cuts drove the dip.
Insights:
Spain's National Statistics Institute (INE) released final data on Thursday, January 15, 2026, confirming that the European Union harmonised 12-month inflation rate for Spain 
ESdeclined to 3.0% in December 2025. This figure marks a reduction from the 3.2% recorded in November 2025 and confirms the cooling of price pressures in the fourth-largest economy of the Eurozone. The 3.0% reading for December matched the flash reading released two weeks prior and was consistent with the average analyst estimate polled by Reuters.
ESdeclined to 3.0% in December 2025. This figure marks a reduction from the 3.2% recorded in November 2025 and confirms the cooling of price pressures in the fourth-largest economy of the Eurozone. The 3.0% reading for December matched the flash reading released two weeks prior and was consistent with the average analyst estimate polled by Reuters.
