The National Statistics Institute (INE) has estimated that inflation is 2.7 % during the month of August 2025, according to the advanced indicator of the Consumer Price Index (IPC). The figure, waiting to know the final data, coincides with the registered in Julyreflecting intermensual stability, while the harmonized CPI (IPCA) also repeats the same value. This behavior has been influenced, in particular, by the evolution of fuels.
According to this INE data advance, the year -on -year increase of 2.7 % in the CPI responds to several factors. The fuels have had an upward impact, registering a lower price drop than in August 2024. Non -alcoholic foods and drinks have reduced their prices to a greater extent than the previous year, which has contributed to moderate inflation. Electricity has also included in the value of this advanced data, and although up, this increase has been softer than in the same month of 2024.
As for the underlying inflation (which excludes energy products and unprocessed foods) it has increased one tenth to 2.4 %.
Prices are kept after months of increases
In monthly terms, the CPI has not experienced variations in August. This is a moderation of prices after the increases registered in June (+0.7 %) and in April (+0.6 %).
How prices have evolved from the rest of Europe
For its part, the Harmonized Consumer Price Index (IPCA), an indicator designed to compare between the countries of the European Union, has also been at 2.7 % interannual, being kept without changes compared to July. Harmonized underlying inflation reflects the same behavior as in Spain, with a rate of 2.4 %, and remaining in the same value as in July.