[#Inflation]() [#ECB]() # Spanish inflation hits 4.3% as oil prices surge 15 September 2026 at 08:44 > Inflation reached a three-year high in August as rising crude oil costs prompted the ECB to hike rates and the government to cut fuel duty. The Instituto Nacional de Estadística has confirmed that inflation reached 4.3% in August 2026, marking the highest level since February 2023. This figure represents a rise of seven tenths from July, following a period of rates slightly above 3% earlier this year. Key drivers include Brent crude oil prices exceeding 100 dollars per barrel and Saudi Arabia closing an alternative pipeline to the Strait of Hormuz. While core inflation fell to 2.9%, food and non-alcoholic beverage prices rose by 2.3% during the same period. In response, the **European Central Bank** raised interest rates on 10 September, warning that inflation will remain above 2% for some time. Domestic measures to offset costs include a 20-cent diesel discount and a 5-cent gasoline discount introduced this month. ## Related news #StatePension [#Inflation]() [#Retirement]() [#SocialSecurity]() [#Economy]() 4 November 2026 at 12:46 ## [State pensions set for 3.5% increase in 2027]() > UK state pensions are expected to rise by over 3.5% next year following a 4.9% increase in the October Consumer Price Index. [#SpainEconomy]() [#Inflation]() #CPI [#CostOfLiving]() [#INE]() 30 October 2026 at 08:45 ## [Spanish inflation hits 4.9% in October 2026]() > Spain's annual inflation rate reached its highest level since 2023 as rising energy costs offset falling fuel and food price pressures. [#Euribor]() #Mortgages [#ECB]() #EurozoneEconomy [#InterestRates]() 29 October 2026 at 14:30 ## [Euribor expected to drop to 3.2% in October 2026]() > The primary mortgage indicator falls as the ECB balances high inflation and oil prices ahead of a potential December interest rate hike. [#Spain]() #DailyMenu [#Inflation]() #Gastronomy [#Economy]() 23 October 2026 at 18:21 ## [Spain's daily menu price rises to 14.7 euros]() > The average cost of a daily menu in Spain has increased by 3.5% in 2026, driven by rising prices for eggs, vegetables, and beef. [#SpainEconomy]() [#GDPGrowth]() #Funcas [#Inflation]() #Employment 15 October 2026 at 13:03 ## [Funcas forecasts 2.5% GDP growth for Spain in 2026]() > The think tank projects slowing economic growth and rising public deficits alongside the creation of 770,000 net jobs by the end of 2028. [#ECB]() #HernandezDeCos [#SpainPolitics]() #Brussels #Eurozone 15 October 2026 at 12:05 ## [Feijóo to back Hernández de Cos for ECB presidency]() > PP leader Alberto Núñez Feijóo will endorse the former Bank of Spain governor for the top European Central Bank role at a Brussels summit. [#Pensions]() [#CarlosCuerpo]() [#SpanishElections]() [#Inflation]() [#Economy]() 15 October 2026 at 10:23 ## [Pensions to rise in December after elections]() > Minister Carlos Cuerpo confirms pension increases will be approved in December once final inflation data is released on 27 November. [#Inflation]() [#FuelPrices]() #EnergyCosts [#INE]() [#Economy]() 14 October 2026 at 09:56 ## [Inflation hits 4.9% as fuel prices surge in Sept]() > The National Statistics Institute confirms a 2026 inflation peak, prompting the government to maintain fuel discounts through November. [#BankOfSpain]() [#SpanishEconomy]() [#HousingCrisis]() [#Inflation]() #EconomicForecast 9 October 2026 at 13:31 ## [Bank of Spain raises growth and inflation outlook]() > The Bank of Spain projects 2.6% growth this year while warning of a rising housing deficit set to reach one million units by 2028. [#Inflation]() [#CostOfLiving]() #SupermarketPrices [#OCU]() #FoodCosts 28 September 2026 at 12:44 ## [OCU report: Supermarket prices up 39.5% since 2021]() > The OCU 2026 report reveals a 39.5% surge in food costs since 2021, with coffee and eggs seeing the most dramatic price increases.