Spain's CPI rose to 4.3% in August, up 0.7 points from July and the highest since early 2023. Underlying inflation moderated to 2.9%. Fuel price increases, linked to the Iran conflict and holiday travel, drove the rise, while food prices fell less than they did a year ago. The prolonged conflict has also pushed Euribor to its highest level since September 2024, worsening the September cost squeeze.
The government transferred the first €800 million of the State Housing Plan 2026-2030 to autonomous communities. The plan has a total investment of €7,000 million, 60% from the government and 40% from regions. Public housing built with these funds must remain permanently protected. The ministry opened a public consultation on monitoring mechanisms.
The new flexible retirement regime came into force on August 28, three months after approval, allowing autónomos (self-employed) to combine a pension with work. It includes new supplements for those opting in. UPTA says the reform excludes autónomos who contributed to RETA in the three years before retiring, creating a 'quarantine' period. The association argues that former employees who become self-employed after retiring have easier access.
Interior Minister Marlaska says 5,000 migrants remain in Ceuta, including 1,500 minors; 72,000 entered on July 30-31 and 70,000 returned. PP and Vox claim the real figure is around 20,000. The government announced €35 million for border reinforcement and requested Frontex, Europol, and EUAA support. Humanitarian aid for Ceuta rose from €6.4 million to €44.51 million, and CETI capacity rose 116% to 1,105 places.
More than 100 migrants were detained for crimes in Ceuta, and their expulsion was requested. Officials recorded 17 sexual assaults, including seven rapes and 10 other assaults, with victims mostly vulnerable women. Humanitarian groups report rising intimidation and violence, leading some volunteers to leave. On Thursday, dozens blocked a Red Cross truck at Trampolín beach for over two hours, shouting 'the Red Cross is a mafia.'
The Ibex 35 rose 0.81% to close at 20,041.9 points. The gain returned the index to the 20,000-point mark. Fed President Kevin Warsh's speech at Jackson Hole raised expectations of a possible rate hike.
Free · Every morning · 5-minute read
One short email a day — what happened in Spain and why it matters. Free, no spam, unsubscribe anytime.
Join 1,000+ email subscribers · cancel anytime
