Spain Releases Preliminary Harmonized CPI for September 2025: Signs of Inflation Recovery Emerge

On August 29, 2025, Spain’s National Statistics Institute released the preliminary monthly harmonized CPI (HICP) for September. The reported figure was 0.3%, compared to both the forecast and previous values of 0.00%.Data Definition: The Harmonized Index of Consumer Prices (HICP) is the most widely used tool for measuring inflation. Eurostat has standardized the compilation methodology for member states’ consumer price indices across the European Union. This indicator is similar to the Consumer Price Index but includes additional items such as personal computers, new cars, and airline tickets, while excluding owner-occupied housing and local government taxes.This data has an importance rating of 1. The statistical method employs the HICP, which is primarily used within the EU as a gauge of prices paid by consumers for a market basket of goods and services. The annual (or monthly) growth rate represents the inflation rate. The release frequency is monthly, with the next publication scheduled for October 30, 2025.

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