In 2024, the consumer price index (CPI) annual average in Spain increased by *** percent. The largest annual variation of the period under consideration was registered in 2022, with *** percent.

Inflation Rate in Spain increased to 2.20 percent in June from 2 percent in May 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.

Historical chart and dataset showing Spain inflation rate by year from 1960 to 2024.

The consumer price index in May 2025 increased by 0.3 percent compared to the same month of the previous year. Overall, July 2022 was the month and year that registered the highest inflation, with 10.8 percent.

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.

The statistic shows the inflation rate in Spain from 1987 to 2024, with projections up until 2030. 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.

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.

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 April 2025, the variation was -0.9 percent.

Inflation, monthly percent change in the CPI in Spain, May, 2025 The most recent value is -0.09 percent as of May 2025, a decline compared to the previous value of 0.62 percent. Historically, the average for Spain from February 1996 to May 2025 is 0.2 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

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.

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.

Cost of food in Spain increased 2.50 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Spain Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Harmonized Index of Consumer Prices (HICP) of the Spanish hospitality industry reached 120.1 in December 2022. The HICP in this Spanish industry has experienced a significant increase throughout that year.

Consumer Price Index CPI in Spain increased to 118.08 points in May from 118 points in April of 2025. This dataset provides the latest reported value for - Spain Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Valori correnti, dati storici, previsioni, statistiche, grafici e calendario economico - Spagna - Tasso di inflazione. 1955-2022 Dati | 2023-2024 Previsione.

Travel accommodation services in Spain experienced an annual increase of 27.6 percent in the Harmonized Index of Consumer Prices (HICP) in June 2022 – the second highest growth recorded since January 2019. After registering a deflation during the COVID-19 pandemic, the Spanish accommodation industry has experienced an overall continuous HICP growth since summer of 2021.

Spain GNI for 2023 was 1.587 trillion US dollars, a 3.87% increase from 2022.

<ul style='margin-top:20px;'>

<li>Spain GNI for 2022 was <strong>1.528 trillion US dollars</strong>, a <strong>7.05% increase</strong> from 2021.</li>
<li>Spain GNI for 2021 was <strong>1.428 trillion US dollars</strong>, a <strong>10.89% increase</strong> from 2020.</li>
<li>Spain GNI for 2020 was <strong>1.287 trillion US dollars</strong>, a <strong>10.08% decline</strong> from 2019.</li>
</ul>GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.

• Acquisition for the home of some good: car or motorbike, home furnishings, household appliances or computers and small household appliances.
• Monthly savings capacity at home.
• Retrospective assessment of the household's economic situation (6 months). Reason for the positive and negative assessment.
• Number of unemployed and job-seeking people in the surrounding area. Its evolution since 6 months.
• Retrospective and prospective assessment of the possibility of improving or finding employment in Spain (6 months).
• Retrospective and prospective assessment of the economic situation in Spain (6 months).
• Prospective assessment of the probability of acquiring durable goods for the household (1 year).
• Evolution of the saving capacity of the household (1 year).
• Prospective assessment of the household's economic situation (6 months). Reason for the positive and negative assessment.
• Prospective assessment of inflation in Spain (1 year).
• Evolution of interest rates and house prices in Spain (1 year). Intention to buy a home in the next year.
• Level of studies completed by obtaining a degree and in progress from the person interviewed.
• Household size. Family relationship between household members. Number of persons in the household with income.
• Ideology scale of the interviewee.
• Time of acquisition of Spanish nationality. Level of knowledge of Spanish of the interviewee. Country of origin.
• Participation and remembrance of vote in the 2016 general election.
• Housing tenure regime.

As of April 2025, the inflation rate in the European Union was 2.4 percent, with prices rising fastest in Romania, which had an inflation rate of 4.9 percent. By contrast, both France and Cyprus saw low inflation rates during the same period, with France having the lowest inflation rate in the EU during this month. The rate of inflation in the EU in the October 2022 was higher than at any other time, with the peak prior to 2021 recorded in July 2008 when prices were growing by 4.4 percent year-on-year. Before the recent rises in inflation, price rises in the EU had been kept at relatively low levels, with the inflation rate remaining below three percent between January 2012 and August 2021. Rapid recovery and energy costs driving inflation The reopening of the European economy in 2021 following the sudden shock of COVID-19 in 2020 is behind many of the factors that have caused prices to rise so quickly in 2022. Global supply chains have not yet recovered from production issues, travel restrictions, and workforce problems brought about by the pandemic. Rising energy costs have only served to exacerbate supply problems, particularly with regard to the transport sector, which had the highest inflation rate of any sector in the EU in December 2021. High inflation rates mirrored in the U.S. The high inflation rates seen in Europe have been reflected in other parts of the world. In the United States, for example, the consumer price index reached a 40-year-high of seven percent in December 2021, influenced by many of the same factors driving European inflation. Nevertheless, it is hoped that once these supply chain issues ease, inflation levels will start to fall throughout the course of 2022.