Geographical areas

The incorporation of these two new dimensions into the indicator allows wage dynamics in Spain to be monitored at a more granular level, based on the aggregated and anonymised analysis of internal data and big data techniques.

The euro area reached the ECB’s inflation target in 2025. Headline inflation fell to 2.1% for the year as a whole and closed at 1.9% in December, while most agents’ expectations also place it at 2% in the medium term. How has this final disinflation towards the 2% target played out? Which products and countries have contributed the most? What inertia remains?