Inflation Rate in Spain increased to 3 percent in February from 2.90 percent in January of 2025. This dataset provides the latest reported value for - Spain Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic shows the inflation rate in Spain from 1987 to 2023, with projections up until 2029. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2023, the average inflation rate in Spain increased by about 3.4 percent compared to the previous year.

Inflation in Spain

As explained briefly above, inflation is commonly defined as the level of prices for goods and services in a country’s economy over a certain time span. It increases when the total money supply of a country increases, causing the money’s value to decrease, and prices to increase again in turn. Nowadays the term “inflation” is used more or less synonymously with “price level increase”. Its opposite is deflation, which, in short, means a decrease of the price level.

Spain and its economy have been severely affected by the financial crisis of 2008 (as can be seen above), when the real estate bubble imploded and caused the demand for goods and services to decrease and the unemployment rate in Spain to increase dramatically. Even though deflation only occurred for one year in 2009 and the price level has been increasing since, Spain’s economy still has a long way to go until full recovery. Apart from the inflation rate and the unemployment rate, gross domestic product / GDP growth in Spain and the trade balance of goods in Spain, i.e. the exports of goods minus the imports, are additional indicators of Spain’s desolate condition during the economic crisis and its slow and difficult recovery ever since.

Still, there is a silver lining for Spain’s economy. All in all, things seems to be improving economically, albeit slowly; many key indicators are starting to stabilize or even pick up again, while others still have some recovering to do.

The consumer price index in January 2025 decreased by over 0.5 percent compared to the same month of the previous year. This was an increase since October 2024, where inflation was 1.8 percent. Overall, July 2022 was the month and year that registered the highest inflation with 10.8 percent.

Core consumer prices in Spain increased 2.20 percent in February of 2025 over the same month in the previous year. This dataset provides - Spain Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the consumer price index (CPI) annual average in Spain increased by 3.5 percent. The largest annual variation of the period under consideration was registered in 2022, with 8.4 percent.

The Consumer Price Index in Spain increased 0.40 percent in February of 2025 over the previous month. This dataset provides the latest reported value for - Spain Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

March 2022 ranked as month with the the largest monthly increase during the period under consideration, with the percentage change of the consumer price index (CPI) reaching three percent. The largest negative variation since 2017 was -1.3 percent, a month-over-month percentage change recorded in January 2019. Spain's consumer price index has also been analyzed annually.

Harmonised Inflation Rate MoM in Spain increased to 0.40 percent in February from -0.10 percent in January of 2025. This dataset includes a chart with historical data for Spain Harmonised Inflation Rate MoM.

The inflation rates of energy commodity prices in Spain increased significantly in 2021 and 2022. Electricity saw the steepest rise, with the inflation rate peaking at 107.8 percent in March 2022 before dropping later in the year. These increases in inflation were driven by Russia's invasion of Ukraine, which has caused uncertainty over Europe's security of gas supply, as well as intense energy price volatility.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

March 2022 ranked as the month with the highest month-on-month variation in the consumer price index for housing, water, electricity, gas and other fuels of the period under consideration, with and CPI change of 9.7 percent. In February 2024, the variation was -1.3 percent.

This statistic shows the monthly inflation rate for HICP (all items) compared to the same period in the previous year in Spain from February 2018 to January 2019. In December 2018, the inflation rate was 1.2 percent compared to the same month in the previous year.

Inflation, monthly percent change in the CPI in Spain, February, 2025 The most recent value is 0.38 percent as of February 2025, an increase compared to the previous value of -0.14 percent. Historically, the average for Spain from February 1996 to February 2025 is 0.19 percent. The minimum of -2.46 percent was recorded in January 2016, while the maximum of 3.92 percent was reached in March 2022. | TheGlobalEconomy.com

Spain ES: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 0.955 % in 2017. This records an increase from the previous number of 0.283 % for 2016. Spain ES: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 5.936 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 23.383 % in 1977 and a record low of -0.195 % in 2014. Spain ES: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Spain – Table ES.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Spain (CPGRLE01ESQ657N) from Q1 1976 to Q3 2023 about Spain, core, all items, CPI, inflation, price index, indexes, and price.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Espagne was 2.89 pour cent. That number was released in . It shows no change from the inflation rate in the previous month when it stood at 2.89 pour cent. Compared to a year ago, we see a decrease from the...

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Spain (CPGRLE01ESM659N) from Jan 1976 to Feb 2025 about Spain, core, all items, CPI, inflation, price index, indexes, and price.

Free TV had a cost-per-mile (CPM) inflation rate of three percent in Spain in 2020. The inflation rate for the medium is expected to grow to six percent by 2022. Both pay TV and in-stream services in the country had CPM inflation rates of four percent in 2020.

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Spain (CPGRLE01ESA657N) from 1976 to 2022 about Spain, core, all items, CPI, inflation, price index, indexes, and price.

Graph and download economic data for Consumer Opinion Surveys: Consumer Prices: Future Tendency for Spain (CSINFT02ESM460S) from Jun 1986 to Sep 2024 about consumer sentiment, consumer prices, Spain, consumer, and inflation.