14.05.202607:00:00UTC+00Spanish HICP Inflation Slows Sharply to 0.7% in April on Month-over-Month Basis

Spain’s Harmonised Index of Consumer Prices (HICP) moderated significantly in April 2026, with the month‑over‑month rate easing to 0.7%, down from 1.7% in the previous comparison period. The latest data, updated on 14 May 2026, indicate a notable cooling in the pace of price increases versus the prior month’s surge.

The “actual” April figure reflects how prices evolved compared with March, while the “previous” indicator measured the change in March relative to February. The shift from 1.7% to 0.7% suggests that, although consumer prices are still rising on a monthly basis, the intensity of inflationary pressure has moderated. This slowdown may be interpreted by markets and policymakers as a tentative sign of easing cost dynamics within Spain’s economy, though further data will be needed to confirm a sustained trend.