Spain CPI hits 4.9% and HICP 5% as inflation climbs in September

What was published this week

• The Spanish Statistical Office (INE) put September CPI at 4.9% year over year, a preliminary reading, and the rate surges from 4.3% in August. INE said “La tasa de variación anual del IPC del mes de septiembre se situó en el 4,9%, seis décimas por encima de la registrada en agosto.” [The annual CPI rate for September stood at 4.9%, six-tenths above the August rate] (B-NKER translation). See the Spain CPI, year on year release.
• The Spanish Statistical Office (INE) reported September HICP at 5% year over year, a preliminary reading, and the rate climbs from 4.6% in August. INE said “El Índice de Precios de Consumo Armonizado (IPCA) situó su tasa anual en el 5,0%, cuatro décimas por encima del mes anterior.” [The harmonized index put its annual rate at 5%, four-tenths above the previous month] (B-NKER translation). See the Spain HICP, year on year release.
• The Spanish Statistical Office (INE) reported September core inflation at 3.1% year over year, a preliminary reading, and the rate edges up from 2.9% in August. INE said “La tasa anual de la inflación subyacente aumentó dos décimas, hasta el 3,1%.” [The annual rate of core inflation rose two-tenths, to 3.1%] (B-NKER translation). See the Spain core CPI, year on year.

Official exchange rate

The European Central Bank set its reference rate at 1.1253 USD per euro for October 16, 2026, and it edges up from 1.1206 USD on October 9, 2026. Both are official daily reference rates. See the ECB reference rate, US dollars per page.