{"id":2355,"date":"2026-02-17T02:29:28","date_gmt":"2026-02-16T20:59:28","guid":{"rendered":"https:\/\/www.businessupturn.com\/trade-policy\/?p=2355"},"modified":"2026-02-17T02:29:28","modified_gmt":"2026-02-16T20:59:28","slug":"spains-final-eu-harmonised-inflation-rate-eases-to-2-4-in-january","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/trade-policy\/spains-final-eu-harmonised-inflation-rate-eases-to-2-4-in-january\/2355\/","title":{"rendered":"Spain\u2019s final EU-harmonised inflation rate eases to 2.4% in January"},"content":{"rendered":"<div class=\"flex flex-col text-sm pb-25\">\n<article class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&:has([data-writing-block])>*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" data-turn-id=\"request-6967daa0-49ac-8321-a8c4-2893710e3662-5\" data-testid=\"conversation-turn-2\" data-scroll-anchor=\"true\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:--spacing(4)] @w-sm\/main:[--thread-content-margin:--spacing(6)] @w-lg\/main:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"6cf85840-86e0-4b22-8f03-8a37976c838e\" data-message-model-slug=\"gpt-5-2\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[1px]\">\n<div class=\"markdown prose dark:prose-invert w-full wrap-break-word dark markdown-new-styling\">\n<p data-start=\"263\" data-end=\"1325\">Spain\u2019s European Union-harmonised 12-month inflation rate declined to 2.4% in January, down from 3.0% in the period through December, according to final data released Friday by the <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">National Statistics Institute<\/span><\/span> (INE). The confirmed figure came in slightly below both the 2.5% flash estimate issued two weeks earlier and the average analyst projection compiled by <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Reuters<\/span><\/span>. The INE also reported that Spain\u2019s national consumer price index rose 2.3% year-on-year in January, easing from 2.9% in December and marginally under the preliminary 2.4% reading. Core inflation, which excludes volatile fresh food and energy prices, held steady at 2.6% over the same 12-month period. In a statement, Spain\u2019s Economy Ministry attributed the notable moderation primarily to lower energy costs and characterized the decline as the largest year-on-year drop in inflation since March 2025. The ministry further indicated that household purchasing power improved by 1.5% during 2025, citing wage increases that outpaced overall price growth.<\/p>\n<h3 data-start=\"1327\" data-end=\"1428\">Core Inflation Stability, Energy Price Impact, and Implications for Spain\u2019s 2026 Economic Outlook<\/h3>\n<p data-start=\"1430\" data-end=\"2496\" data-is-last-node=\"\" data-is-only-node=\"\">The January data underscores a significant cooling in headline inflation while core price pressures remain stable. The unchanged 2.6% core rate suggests that underlying inflationary dynamics have not accelerated, even as energy prices exerted downward pressure on the overall index. For policymakers and market observers across the European Union and the Middle East, Spain\u2019s updated inflation figures offer a clearer signal regarding price stability within one of the euro area\u2019s largest economies. The downward revision from the flash estimate also reinforces confidence in the moderation trend, particularly as energy markets continue to influence broader consumer price developments. By highlighting the improvement in real household income, the Economy Ministry positioned the latest inflation reading within the broader context of wage growth and domestic demand resilience. Together, the finalized figures present a comprehensive snapshot of Spain\u2019s price trajectory at the start of the year, grounded in official statistical releases and ministry statements.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"z-0 flex min-h-[46px] justify-start\"><\/div>\n<div class=\"mt-3 w-full empty:hidden\">\n<div class=\"text-center\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"pointer-events-none h-px w-px absolute bottom-0\" aria-hidden=\"true\" data-edge=\"true\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Spain\u2019s European Union-harmonised 12-month inflation rate declined to 2.4% in January, down from 3.0% in the period through December, according\u2026<\/p>\n","protected":false},"author":387,"featured_media":2356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-european-union"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/posts\/2355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/users\/387"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/comments?post=2355"}],"version-history":[{"count":1,"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/posts\/2355\/revisions"}],"predecessor-version":[{"id":2357,"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/posts\/2355\/revisions\/2357"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/media\/2356"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/media?parent=2355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/categories?post=2355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/trade-policy\/wp-json\/wp\/v2\/tags?post=2355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}