Annual core inflation rate in Spain edged down to 2.9% in June 2026 from an upwardly revised 3% in May which was the highest reading in about two years, preliminary estimates showed. Core Inflation Rate in Spain averaged 5.43 percent from 1977 until 2026, reaching an all time high of 27.10 percent in September of 1977 and a record low of -0.10 percent in April of 2010. source: National Statistics Institute (INE)

Core Inflation Rate in Spain is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Core Inflation Rate is projected to trend around 2.70 percent in 2027 and 2.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-12 07:00 AM
Core Inflation Rate YoY Final
May 2.9% 2.8% 2.9% 2.9%
2026-06-29 07:00 AM
Core Inflation Rate YoY Prel
Jun 2.9% 3% 2.9%
2026-07-15 07:00 AM
Core Inflation Rate YoY Final
Jun 2.9% 2.9% 2.9%


Related Last Previous Unit Reference
CPI 102.95 102.88 points May 2026
Core Consumer Prices 102.91 102.67 points May 2026
Core Inflation Rate YoY 2.90 3.00 percent Jun 2026
CPI Housing Utilities 99.70 99.79 points May 2026
CPI Transportation 105.72 105.89 points May 2026
Food Inflation 2.20 2.60 percent May 2026
Harmonised Consumer Prices 104.06 103.45 points Jun 2026
Inflation Rate YoY 3.20 3.20 percent Jun 2026
Inflation Rate MoM 0.60 0.10 percent Jun 2026
Producer Prices 133.50 132.30 points May 2026
PPI YoY 10.50 8.50 percent May 2026


Spain Core Inflation Rate
In Spain, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.
Actual Previous Highest Lowest Dates Unit Frequency
2.90 3.00 27.10 -0.10 1977 - 2026 percent Monthly