Spain September 2025 Final Harmonized CPI Year-on-Year: Bullish for Euro

On September 12, 2025, Spain's National Statistics Institute released the final year-on-year harmonized CPI (HICP) reading for September, reporting an actual value of 2.7%. No consensus forecast was provided; the previous reading was also 2.7%.Definition: The Harmonized Index of Consumer Prices (HICP) is the most widely used tool for measuring inflation, designed to calculate consumer prices across countries using a standardized methodology, thereby ensuring comparability of inflation metrics. Generally, an increase in this indicator suggests that the Bank of Spain may raise interest rates to contain inflation, which tends to have a positive impact on the euro; conversely, a decline could lead to unchanged or lower rates, exerting downward pressure on the euro.This indicator has an importance level of 1. The statistical method employed is the Harmonized Index of Consumer Prices (HICP), and it is published monthly. The next release is scheduled for November 14, 2025.

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