Business · Economy · 11 hrs ago
Spain’s annual inflation reaches 4.9% as fuel and food prices rise
Spain’s annual inflation rose to 4.9%, its highest level since February 2023.
The increase is adding to household costs, including everyday shopping.
Fuel prices climbed amid the conflict involving the United States, Israel and Iran, with petrol reaching an average of €1.935 per litre and diesel €1.931.
Fresh fish has also become more expensive: hake now averages €16.20 per kilo, up €3.60 since March, while sea bream and sea bass have also risen in price.
Oranges cost 25% more, averaging €2.34 per kilo; the account links much of Spain’s supply to Argentina and South Africa.
Shellfish and tomatoes have risen too: a 63-gram tin of cockles generally costs more than €5, and tomatoes increased from €4.84 to €5.26 per kilo in recent months.
The price increases are linked in part to global geopolitical conditions, but no further steps or timeline are given.
Spain’s inflation rose 4.9% year on year, its largest increase since February 2023.
Fuel and food prices were among the costs that rose, with the article citing geopolitical tensions as a main cause.
At the end of the previous month, average prices reached €1.935 per litre for petrol and €1.931 for diesel.
The average price of hake rose to €16.20 per kilogram, while oranges averaged €2.34 per kilogram.
The article said orange prices had risen 25%.
- Who
- Consumers in Spain.
- What
- Inflation rose 4.9% year on year, with fuel and food prices increasing.
- When
- The article was published on 14 October 2026; it reports a year-on-year inflation rise.
- Where
- Spain.
- Why
- The article cites the global geopolitical situation as a main cause, including the conflict involving the United States and Israel against Iran.
This story does not have two clearly opposing sides.
The price of hake rose by as much as €3.60 per kilogram.
Average petrol prices reached €1.935 per litre and diesel prices reached €1.931 per litre.
El Confidencial reported that inflation had risen 4.9% year on year.
- Year-on-year inflation
- 4.9%
- Petrol
- €1.935 per litre
- Diesel
- €1.931 per litre
- Hake
- €16.20 per kilogram on average
- Oranges
- 25% price rise; €2.34 per kilogram on average