27.03.202608:00:00UTC+00Spain’s Harmonised Inflation Accelerates to 3.3% in March, Up from 2.5%

Spain’s Harmonised Index of Consumer Prices (HICP) rose to 3.3% year-over-year in March 2026, accelerating from 2.5% in February 2026, according to data updated on 27 March 2026. The figures reflect inflation measured on a harmonised basis against other EU countries, comparing each month with the same month a year earlier.

The March reading marks a notable pickup in price pressures after a more moderate February print, suggesting that disinflationary momentum has eased. Both the current and previous figures represent year-over-year changes: the March 2026 rate is measured against March 2025, while February’s 2.5% was measured against February 2025.

The move higher in the Spanish HICP will be closely watched in the broader euro area context, as it feeds into assessments of inflation dynamics across the monetary union and could influence expectations about the future path of policy decisions at the European level.