The annual core inflation rate in Spain rose to 2.9% in May 2026 from 2.8% in April, preliminary estimates showed. Core Inflation Rate in Spain averaged 5.44 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
2026-05-14 07:00 AM
Core Inflation Rate YoY Final
Apr 2.8% 2.9% 2.8% 2.8%
2026-05-29 07:00 AM
Core Inflation Rate YoY Prel
May 2.9% 2.8% 2.8%
2026-06-12 07:00 AM
Core Inflation Rate YoY Final
May 2.8% 2.9% 2.9%


Related Last Previous Unit Reference
CPI 102.88 102.44 points Apr 2026
Core Consumer Prices 102.67 101.81 points Apr 2026
Core Inflation Rate YoY 2.90 2.80 percent May 2026
CPI Housing Utilities 99.79 102.51 points Apr 2026
CPI Transportation 105.89 104.92 points Apr 2026
Food Inflation 2.60 2.70 percent Apr 2026
Harmonised Consumer Prices 103.36 102.64 points Apr 2026
Inflation Rate YoY 3.20 3.20 percent May 2026
Inflation Rate MoM 0.10 0.40 percent May 2026
Producer Prices 131.90 129.70 points Apr 2026
PPI YoY 8.30 3.10 percent Apr 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 2.80 27.10 -0.10 1977 - 2026 percent Monthly