Spain September 2025 Harmonized CPI YoY Preliminary: Bullish for Euro

The National Statistics Institute of Spain released the preliminary year-on-year harmonized CPI data for September 2025 on August 29, 2025. The actual, forecast, and previous values were not provided.Definition: The Harmonized Index of Consumer Prices (HICP) is the most widely used tool for measuring inflation. Eurostat has standardized the compilation methods for consumer price indices across EU member states. This indicator is similar to the Consumer Price Index (CPI), but incorporates additional components such as personal computers, new cars, and airline tickets, while excluding owner-occupied housing and local government taxes. Generally, an increase in HICP suggests that the Bank of Spain may raise interest rates to contain inflation, which is positive (bullish) for the euro; conversely, a decline may prompt the central bank to maintain or lower rates, exerting downward pressure on the euro.This data is highly significant, compiled using the Harmonized Index of Consumer Prices (HICP), and released monthly. The next publication is scheduled for October 30, 2025.

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