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.

洞察:
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 ESESdeclined 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.
A woman takes some milk in a Caprabo supermarket in Barcelona, Spain, March 21, 2022. REUTERS/ Albert Gea
A woman takes some milk in a Caprabo supermarket in Barcelona, Spain, March 21, 2022. REUTERS/ Albert Gea
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