Inflation Rate in Spain remained unchanged at 2.70 percent in August. 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.

Graph and download economic data for Inflation, consumer prices for Spain (FPCPITOTLZGESP) from 1960 to 2024 about Spain, consumer, CPI, inflation, price index, indexes, and price.

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.

View monthly updates and historical trends for Spain Inflation Rate. Source: Eurostat. Track economic data with YCharts analytics.

Spain: Inflation: percent change in the Consumer Price Index: The latest value from 2024 is 2.8 percent, a decline from 3.5 percent in 2023. In comparison, the world average is 6.0 percent, based on data from 155 countries. Historically, the average for Spain from 1960 to 2024 is 6.2 percent. The minimum value, -0.5 percent, was reached in 2015 while the maximum of 24.5 percent was recorded in 1977.

Inflation, consumer prices (annual %) in Spain was reported at 2.7742 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Spain - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

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.

View monthly updates and historical trends for Spain Core Inflation Rate. Source: Eurostat. Track economic data with YCharts analytics.

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;

Key information about Spain Core CPI Change

• Spain Core CPI Change was reported at 2.385 % in Jan 2025.
• This records a decrease from the previous number of 2.558 % for Dec 2024.
• Spain Core CPI Change data is updated monthly, averaging 1.587 % from Jan 2003 to Jan 2025, with 265 observations.
• The data reached an all-time high of 7.620 % in Feb 2023 and a record low of -0.083 % in Oct 2014.
• Spain Core CPI Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Core CPI: Y-o-Y Growth: Monthly.

CEIC calculates Core Consumer Price Index Growth from monthly Core Consumer Price Index. National Statistics Institute provides Core Consumer Price Index Growth with base 2021=100. Core Consumer Price Index excludes Unprocessed Food and Energy.

Harmonised Inflation Rate YoY in Spain remained unchanged at 2.70 percent in August. This dataset includes a chart with historical data for Spain Harmonised Inflation Rate YoY.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Spain was 2.66 percent. That number was released in . It shows an increase from the inflation rate in the previous month when it stood at 2.27 percent. Compared to a year ago, we see a decrease from the inflation...

View monthly updates and historical trends for Spain Inflation Rate: Recreation and Culture. Source: Eurostat. Track economic data with YCharts analytics.

The Harmonised Index of Consumer Prices (HICP) gives comparable measures of inflation for the countries and country groups for which it is produced. It is an economic indicator that measures the change over time of the prices of consumer goods and services acquired by households. In other words, it is a set of consumer price indices (CPIs) calculated according to a harmonised approach and a set of definitions as laid down in Regulations and Recommendations.

In addition, the HICP provides the official measure of consumer price inflation in the euro area for the purposes of monetary policy and the assessment of inflation convergence as required under the Maastricht criteria for accession to the euro.

The HICP is available for all EU Member States, Iceland, Norway and Switzerland. In addition to the individual country series there are three country groups: the euro area (EA), the European Union (EU), and the European Economic Area (EEA), the latter covering Iceland and Norway, in addition to the EU. Liechtenstein does not produce HICP and is therefore not included in the EEA HICP aggregate.

The official indices for the country-groups reflect the changing country composition of the EA, the EU and the EEA. The HICP for new Member States is chained into the aggregate indices at the time of accession. For analytical purposes Eurostat also computes country-group indices with stable country composition over time.

HICP for Albania, Montenegro, North Macedonia, Serbia, Türkiye (candidate countries), as well as Kosovo (^*) are also published. Their data is flagged with 'd' ('definition differs'), given that its conformity with the methodological HICP requirements has not been evaluated by Eurostat.

A proxy-HICP for the all-items index and main headings is also available for the USA.

National HICPs are produced by National Statistical Institutes (NSIs), while country-group indices (EU, EA and EEA) are produced by Eurostat.

The data are released monthly in Eurostat's database and include price indices and rates of change (monthly, annual and 12-month moving average changes). In addition to the headline 'all-items HICP', over 400 sub-indices for different goods and services and over 30 special aggregates are available, including the HICP at administered prices (HICP-AP).

Every year, with the release of the January data, the relative weights for the indices and the special aggregates (item weights) as well as the individual countries' weight within the country groups (country weights) are published.

The composition of the HICP for administered prices (HICP-AP), i.e. which sub-indices are classified as mainly or fully administered by each Member State, is updated at the same time (more information on HICP-AP can be found under the Specific topics on the web page: Information on data - Harmonised Indices of Consumer Prices (HICP) - Eurostat (europa.eu) (#HICP - administered prices).

Eurostat publishes early estimates, called 'flash estimate', of the euro area overall inflation rate and selected components. These are published monthly, usually on the last working day of the reference month.

The HICP at constant tax rates (HICP-CT) is also published every month and follows the same computation principles as the HICP, but is based on prices at constant tax rates. The comparison with the standard HICP can show the potential impact of changes in indirect taxes, such as value-added tax (VAT) and excise duties, on the overall inflation (more information can be found in the 'HICP-CT Reference methodology document').

Flags

Flags used in the Eurostat online database provide information about the status of the data or a specific data value. The list of used flags can be found in the web page Database - Eurostat (europa.eu), above the tree, through the 'i' box 'information on the database' and then 'Flags and special values' topic.

(*) Under United Nations Security Council Resolution 1244/99.

Inflation, GDP deflator: linked series (annual %) in Spain was reported at 2.983 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Spain - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Graph and download economic data for Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Spain (CPGRLE01ESM657N) from Jan 1976 to Nov 2023 about Spain, core, all items, CPI, inflation, price index, indexes, and price.

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.

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 Mar 2025 about Spain, core, all items, CPI, inflation, price index, indexes, and price.

Spain: Inflation forecast: The latest value from 2030 is 2 percent, unchanged from 2 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Spain from 1980 to 2030 is 4.12 percent. The minimum value, -1.13 percent, was reached in 2014 while the maximum of 15.19 percent was recorded in 1980.