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Inflation in Spain accelerates to 4.3% in August due to fuelsPhoto by planet_fox on Pexels
Business
Economy

Inflation in Spain accelerates to 4.3% in August due to fuels

Jornal Económico15 September 2026 at 09:11

Prices in Spain rose 4.3% in August, compared to the same month in 2025, according to the Spanish National Statistics Institute. This is the highest year-on-year inflation rate in Spain since 2023, being seven tenths higher than that recorded in July, when it was 3.6%. The rise in prices was mainly due to the increase in fuel prices.

The underlying inflation, which excludes energy and fresh food products, was 2.9%, one tenth less than in July. These data were released by the INE and represent a significant worsening of inflationary pressure in the country.

The Spanish government announced at the end of August a 20 cent discount per liter on diesel, in force from September 1, after this fuel had risen 15.7% in July. On the other hand, the discount on gasoline was reduced from 10 cents per liter in August to 5 cents per liter in September.

These discounts are part of a response plan to the impact of the war in the Middle East, in force since March, which the Spanish Government reformed at the end of June in an attempt to mitigate the increase in fuel prices.

Why this matters

Readers in Portugal are directly affected by this trend, given that Spain is a close trading and tourist partner, and the increase in fuel prices can influence the cost of living and consumer prices in Portugal as well. Additionally, Spanish energy policy measures may have implications for cross-border competitiveness and consumer flows.

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