Así será la subida de las pensiones en 2027 tras conocerse el IPC de octubre

As of October, the upcoming increase in pensions for 2027 can be estimated following the release of October's inflation data. Based on this data, the average inflation rate (IPCA) driving the hike in pensions in January 2027 is projected at 3.47%. It is important to note that this figure is not final as the November and December inflation data are yet to be published.

The exact calculation will be based on the average of inflation rates from December 2025 to November 2026. The definitive inflation rate will be known only after the National Statistics Institute (INE) releases the advanced IPC data on November 27 and confirms it on December 15. At present, it is expected that the pension increase for 2027 will be around 4.5%.

This means that the average pension, which stood at 1,577.6 euros monthly in October, will rise by 70.9 euros, bringing the monthly retirement income to 1,648.6 euros. The rapid inflation has accelerated the pension revaluation, increasing from 2.7% in 2026 to approximately 4.5% in 2027, which is 1.8 percentage points higher. Economy Vice President and Minister of Commerce and Industry, Carlos Cuerpo, recently stated that he believes it is feasible for the government to approve the decree updating pensions according to the IPC in December, even though he will be out of office after the election on November 29. This approval will ensure that pensioners receive the increase from January.