Inflation Rate in Spain increased to 2.70 percent in July from 2.30 percent in June 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 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.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Spain was 2.22 percent. That number was released in . It shows an increase from the inflation rate in the previous month when it stood at 1.98 percent. Compared to a year ago, we see a decrease from the inflation...

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.

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

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;

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.

Cost of food in Spain increased 2.80 percent in June 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.

Inflation, monthly percent change in the CPI in Spain, June, 2025 The most recent value is 0.63 percent as of June 2025, an increase compared to the previous value of -0.03 percent. Historically, the average for Spain from February 1996 to June 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

When surveyed in November 2022, some ** percent of respondents in Spain stated that they expected grocery prices to increase. This figure has increased since the start of the survey period in September 2021 and peaked at ** percent in June 2022.

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.

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.

Harmonised Core Inflation Index data was reported at 1.167 Index, 2020 in 2026. This records an increase from the previous number of 1.144 Index, 2020 for 2025. Harmonised Core Inflation Index data is updated yearly, averaging 0.912 Index, 2020 from Dec 1992 (Median) to 2026, with 35 observations. The data reached an all-time high of 1.167 Index, 2020 in 2026 and a record low of 0.554 Index, 2020 in 1992. Harmonised Core Inflation Index data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Spain – Table ES.OECD.EO: Consumer and Wholesale Price Index: Forecast: OECD Member: Annual.

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.

Consumer Price Index CPI in Spain increased to 118.87 points in June from 118.08 points in May 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.

In the fourth quarter of 2024, the Bulgaria, Spain, and Portugal registered the highest house price increase in real terms (adjusted for inflation). In Bulgaria, house prices outgrew inflation by nearly ** percent. When comparing the nominal price change, which does not take inflation into consideration, the average house price growth was even higher.

Meanwhile, many countries experienced declining prices, with Turkey recording the biggest decline, at ** percent. That has to do with a broader trend of a slowing global housing market.

The forecasted monthly evolution of the consumer price index (CPI) in Spain from July 2024 to December 2025 shows moderate fluctuations. The percentage change forecasted for April 2025 is *** percent, the largest increase in the concerned period.

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

Wages in Spain increased 3.83 percent in March of 2025 over the same month in the previous year. This dataset provides - Spain Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

P1380A: Quarterly time-series data (1970:1 - 1992:2 / 92 points of measurement) containing for West Germany and the United States: money-stock (source: OECD), nominal gross national product (source: OECD, IMF), world trade volume in 1985 prices (source: DATASTREAM, IMF), price index of gross national product - 1985=100 (source: OECD, IMF), foreign price index - 1985=100 (source: DATASTREAM, IMF), oil-price index in US dollars - 1985=100 (source: HWWA) and derived constructs. Analysis aimed at testing: 1. symmetry hypothesis (= positive and negative shocks have equal effect on real income), 2. structural neutrality hypothesis (= expected changes in aggregate demand do not influence real output) and 3. non persistence hypothesis (= shocks only influence real output at time they occur). The price-misperception models and the price-stickiness models lead to opposing predictions regarding these hypotheses. ( natural rate hypothesis, Phillips curve P1380B: Cross-sectional meta-analysis of 143 developed and developing countries, based on material from 10 studies previously published. Variables: supply response to changes in the expected real price level in each individual market, price variance, trade-off effects of an unexpected increase in nominal demand on cyclical output and variance of nominal demand growth. Analysis aimed at testing Lucas variability hypotheses. ( new-classical economics / Phillips-curve ) P1380C: Quarterly time-series data (1969:1 - 1995:2 / 106 points of measurement) containing for Spain and Italy: consumer price index - 1990=100 (for Germany also), European price index (constructed), import price index - 1990=100, exchange rate towards Deutschmark and real effective exchange rate index - 1972=100 (constructed) Source: International Financial Statistics/ constructed variables: various. Analysis aimed at testing increase of speed of inflation convergence of Spain and Italy when joining the Exchange Rate Mechanism ( ERM )of the European Monetary System ( EMS ) and when maintaining a hard peg to the Deutschmark in the 1975-1995 period. ( credibility hypothesis / monetary policy )