Briefing
The First Vice-President of the Government and Minister for the Economy, Carlos Cuerpo, said in an interview with TVE on 15 October 2026 that pensions would be increased in 2027 “in line with the statutory revaluation rule”. Cuerpo stressed that the legal basis for the annual adjustment was the rule adopted in 2021 to safeguard pensioners’ purchasing power; applying it would require the adoption of a corresponding government decree.\n\nOfficials and ministries have already decided on revaluations for 2026 in recent months: at the end of 2025, the Council of Ministers approved a decree on the pension revaluation for 2026, providing for an increase in around 10.4 million contributory pensions and other benefits in line with the Consumer Price Index provided for.
This measure was based on the inflation rate recorded between December 2024 and November 2025.\n\nCuerpo also made clear that the precise level of the 2027 adjustment would depend on the inflation data available. Media reports noted that the November consumer price index figure is particularly relevant to the final calculation; however, the decision must be formalised by a decree of the Council of Ministers. The minister’s wording emphasised that revaluation would also be possible if the government were already acting in a caretaker capacity — but the legal form of the decree and the timing of a cabinet meeting would remain decisive.\n\nThe government has called early parliamentary elections for 29
November 2026; the corresponding royal decree was published in the Boletín Oficial del Estado . In this context, there are time constraints on ministerial decisions during the caretaker period.\n\nIn summary: Cuerpo’s statement confirms the intention to apply the statutory revaluation rule; the final decision and exact figure depend on the inflation data available by the time the decision is made and the issuing of a government decree.
Editor: Daniel Mayer (Article created with AI assistance).