Spain's Inflation Rises to 4.9% in September Driven by Energy Shock from Iran
Spain's Consumer Price Index (CPI) surged to 4.9% year‑on‑year in September 2026, marking the highest level since February 2023. The spike is largely fueled by soaring fuel prices following an energy shock linked to Iran, which is offsetting earlier fiscal relief measures and complicating the nation's economic outlook.