The Spanish Government is set to announce the 2027 pension increase on 27 November 2026, coinciding with the release of advance Consumer Price Index data by the National Statistics Institute. This announcement falls just two days before the general election.
Under Spanish law, pension revaluation is linked to the average year-on-year CPI variation from the twelve months prior to December. Analysts forecast a 3.5% rise for 2027, following previous increases of 2.7% in 2026, 2.8% in 2025 and 3.8% in 2024.
The adjustment affects over 9.5 million pensioners, including 6.5 million retirees. With the general election scheduled for 29 November, the government is also working to raise salaries for three million public employees and 2.5 million minimum wage workers.