15 October 2025

Consumer Price Index (CPI)
Harmonised Index of Consumer Prices (HICP)

September 2025

Main results

The annual variation rate of the September CPI stood at 3.0%, three tenths above that recorded in August.
The annual rate of core inflation remained unchanged at 2.4%.
The monthly variation of the general rate was -0.3%.
The annual rate of the Harmonised Index of Consumer Prices (HICP) was 3.0%, three tenths of a percentage point higher than that of the previous month.

More information

Annex of tables (includes information from the Autonomous Communities)
Detailed results of CPI and HICP
Videos: What is the Shopping Basket / The CPI
How much has the CPI varied since...

The annual rate of the overall Consumer Price Index (CPI) in September was 3.0%, three tenths higher than that registered the previous month.

The groups that stood out most in terms of their influence on the increase in the annual rate were:

Transport, whose annual rate increased by one percentage point to 2.2%, due to a smaller decline in prices for fuel and lubricant for personal vehicles than in September 2024.

Also noteworthy, although in the opposite direction, was the decrease in Passenger air transport, higher than that recorded in the same month the previous year.

Housing, whose annual rate increased 1.1 points to stand at 7.1%. This behaviour was mainly due to the decrease in electricity prices, lower than last September.

The annual variation rate of core inflation (general index excluding unprocessed food and energy products) stood at 2.4%, the same as recorded for the previous month.

Annual CPI Rate

Overall and core index. Percentage

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            3.4,
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            3.6,
            3.4,
            2.8,
            2.3,
            1.5,
            1.8,
            2.4,
            2.8,
            2.9,
            3,
            2.3,
            2.2,
            2,
            2.3,
            2.7,
            2.7,
            3
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            3.6,
            3.5,
            3.3,
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            2.4,
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Monthly evolution of consumer prices

In September, the monthly variation rate of the general CPI was -0.3%.

The groups with the greatest positive monthly impact on the CPI monthly rate were:

Leisure and culture, with a variation of -4.2%, resulting from the falling prices in Package Tours. The impact of this group to the overall CPI was -0.368.
Transportation, with a rate of -0.7% a repercussion of -0.105, due to the drop in the prices of Passenger air transport.

On the other hand, noteworthy amongst the sectors with a positive monthly effect is:

Clothing and footwear, with a variation rate of 2.5%. This reflects the behaviour of prices at the beginning of the autumn-winter season. The impact of this group to the overall CPI was 0.084.

Results by Autonomous Community

The CPI recorded positive annual rates in all autonomous communities in September.

Comunidad de Madrid had the highest rate (3.5%) and Canarias the lowest (2.2%).

Annual CPI rates by Autonomous Community. September 2025

Percentage

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	   2.9,	
	   3,
           3,
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	   3.1,	
	   3.1,	
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Harmonised Index of Consumer Prices (HICP)

In September, the annual variation rate of the HICP stood at 3.0%, three tenths above than that recorded in the previous month.

The monthly variation of the HICP was 0.2%.

Annual HICP rate

General index. Percentage (the latest Monetary Union figure is progress)

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            2.2,
            2.2,
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            2.8,
            2.6,
            2.4,
            2.4,
            2.6,
            2.5,
            2.6,
            2.2,
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            2,
            2.2,
            2.4,
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            2.3,
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Data revisions and updates

The data published today is final and is not subject to further revision. All the results are available on INEBase.

Methodological note

The Consumer Price Index (CPI) is a short-term indicator that measures the evolution of the prices of consumer goods and services acquired by households resident in Spain.

On the other hand, the Harmonized Index of Consumer Prices (HICP) is an indicator whose objective is to provide a common inflation measure that allows international comparisons.

Type of survey:: continuous monthly survey.
Base period:: 2021 (CPI) and 2015 (HICP).
Reference period for the weightings:: year prior to the present year.
Sample of municipalities:: 177.
Number of products:: 462 (CPI) and 461 (HICP), for traditional collection, and 737 for scanner data.
Number of observations:: approximately 210,000 monthly prices.
Functional classification:: ECOICOP.
General calculation method:: Laspeyres’ Chain Index.
Collection method:: interviewing agents in establishments, scanner data and centralised collection for special items.

For more information you can access the methodology and the standardised methodological report at (IPC and IPCA).

INE statistics are produced in accordance with the Code of Good Practice for European Statistics. More information on Quality at INE and Code of Best Practices.

For further information see

Official INE account on @es_ine

All press releases at:: www.ine.es/en/prensa/prensa_en.htm
Press office:: (+34) 91 583 93 63 / 94 08 – gprensa@ine.es
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Consumer Price Index (CPI)Harmonised Index of Consumer Prices (HICP)