2026.05.1407:00:00UTC+00Spanish Inflation Cools in April as CPI Eases to 3.2% Year-on-Year

Spain’s consumer price inflation eased in April, with the annual Consumer Price Index (CPI) slowing to 3.2% year-on-year, down from 3.4% previously. The latest reading, updated on 14 May 2026, points to a modest cooling in price pressures compared with earlier in the year.

Both the current and previous figures are measured on a year-over-year basis, comparing each April reading to the same month a year earlier. The slight deceleration suggests that inflationary momentum may be stabilising, offering some relief to households and policymakers after a period of elevated price growth. Investors will now watch upcoming data to assess whether this easing trend continues and how it might influence expectations for monetary policy in the eurozone’s fourth-largest economy.