Spain's annual core inflation rate, excluding unprocessed food and energy products, stood at 3.1% in October 2026, unchanged from September, according to preliminary estimates. Core Inflation Rate in Spain averaged 5.42 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 3.10 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 2.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-10-14 07:00 AM
Core Inflation Rate YoY Final
Sep 3.1% 2.9% 3.1%
2026-10-30 08:00 AM
Core Inflation Rate YoY Prel
Oct 3.1% 3.1% 3.1%
2026-11-13 08:00 AM
Core Inflation Rate YoY Final
Oct 3.1% 3.1% 3.1%


Related Last Previous Unit Reference
CPI 104.98 104.64 points Sep 2026
Core Consumer Prices 103.36 103.54 points Sep 2026
Core Inflation Rate YoY 3.10 3.10 percent Oct 2026
CPI Housing Utilities 107.64 106.49 points Sep 2026
CPI Transportation 110.57 110.33 points Sep 2026
Food Inflation 2.70 2.30 percent Sep 2026
Harmonised Consumer Prices 105.40 104.74 points Sep 2026
Inflation Rate YoY 4.90 4.90 percent Oct 2026
Inflation Rate MoM 0.60 0.30 percent Oct 2026
Producer Prices 147.53 141.81 points Sep 2026
PPI YoY 18.30 13.20 percent Sep 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
3.10 3.10 27.10 -0.10 1977 - 2026 percent Monthly