The EU-harmonised CPI in Spain fell 0.7% month-over-month in January 2026, the first drop in six months and the biggest fall since July 2024, compared to forecasts of a 0.8% decline, preliminary estimates showed. source: National Statistics Institute (INE)

Harmonised Inflation Rate MoM in Spain averaged 0.21 percent from 1992 until 2026, reaching an all time high of 3.90 percent in March of 2022 and a record low of -2.50 percent in January of 2016. This page includes a chart with historical data for Spain Harmonised Inflation Rate MoM. Spain Harmonised Inflation Rate MoM - values, historical data and charts - was last updated on February of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-15 08:00 AM
Harmonised Inflation Rate MoM Final
Dec 0.3% 0% 0.3% 0.3%
2026-01-30 08:00 AM
Harmonised Inflation Rate MoM Prel
Jan -0.7% 0.3% -0.8% -0.6%
2026-02-13 08:00 AM
Harmonised Inflation Rate MoM Final
Jan 0.3% -0.7% -0.7%


Related Last Previous Unit Reference
CPI 119.94 119.53 points Dec 2025
Core Consumer Prices 118.98 118.50 points Dec 2025
Core Inflation Rate YoY 2.60 2.60 percent Jan 2026
CPI Housing Utilities 115.10 114.44 points Dec 2025
CPI Transportation 113.88 114.02 points Dec 2025
Food Inflation 3.00 2.80 percent Dec 2025
Harmonised Consumer Prices 100.59 101.29 points Jan 2026
Harmonised Inflation Rate MoM -0.70 0.30 percent Jan 2026
Harmonised Inflation Rate YoY 2.50 3.00 percent Jan 2026
Inflation Rate YoY 2.40 2.90 percent Jan 2026
Inflation Rate MoM -0.40 0.30 percent Jan 2026
Producer Price Inflation MoM 0.40 -0.40 percent Dec 2025
Producer Prices 125.20 124.80 points Dec 2025
PPI YoY -3.00 -2.50 percent Dec 2025


Spain Harmonised Inflation Rate MoM
Actual Previous Highest Lowest Dates Unit Frequency
-0.70 0.30 3.90 -2.50 1992 - 2026 percent Monthly
NSA