29.08.202507:00:00UTC+00Spain's HICP Climbs Out of Negative Territory as Deflation Wanes in August

In August 2025, Spain's Harmonized Index of Consumer Prices (HICP) recorded a notable shift, reaching 0.0% from the -0.3% registered in July 2025. The latest data update, released on August 29, 2025, signifies a move away from the deflation experienced in the previous month.

The transition to 0.0% indicates a stabilization in consumer prices, offering a sigh of relief for policymakers concerned about persistent deflationary pressures. This MoM comparison suggests that while prices have not increased, the halt in their downward trajectory augurs potential for economic growth.

Economists are closely monitoring Spain's economic indicators to assess consumer sentiment and spending, which are crucial for sustained recovery. The data underscores the significance of fiscal and monetary policies aimed at fostering economic stability and growth across the nation. As Spain emerges from the shadows of deflation, stakeholders remain cautiously optimistic about the future trajectory of the HICP and the broader economic landscape.