Inflation in Spain remains at 2.3% in February as electricity prices ease

Inflation in Spain – as measured by the Consumer Price Index (CPI) – remained stable at 2.3% in February, the same rate recorded in January, according to figures released on Friday by Spain's National Statistics Institute (INE).

Prices stabilized mainly due to lower electricity costs compared to February 2025. 

In contrast, fuel prices increased, along with costs in restaurants, food and non-alcoholic beverages.

Core inflation, which excludes fresh food and energy products, rose by one-tenth of a percentage point to 2.7%.

In February 2025, the overall CPI stood at 3%, while core inflation was 2.2%. 

The January and February figures match those recorded in March and June 2025. They are higher than April's 2.2% and May's 2%.

In a statement, the Spain's Economy Ministry said inflation remains in line with the target set by the European Central Bank (ECB), which aims to keep inflation stable around 2%.

The ministry added that the current rate and recent price moderation help wages grow above inflation, allowing households to gain purchasing power.