The European country is preparing for rising prices

Spain's central bank raised its inflation forecast, highlighting that the country's economy is under greater pressure than the eurozone as a whole. Bloomberg reported this.

According to the regulator, in 2026 prices will increase by 3.9 percent. This is 0.3 percentage points higher than the forecast made in June. In the eurozone as a whole, inflation in 2026 is projected to be three percent. The Central Bank explained the change in estimates by the situation with energy prices, and the recent increase in inflation in Spain turned out to be more pronounced than in the region.

Inflation is projected to be 3.7 percent in 2027, significantly higher than the previous estimate of 2.6 percent.

However, despite this shock, the Spanish economy will continue to grow steadily. GDP will increase by 2.6 percent this year and 2.2 percent in 2027, the regulator says.