Spain's annual inflation rate remained unchanged at 3.2% in June 2026, matching the readings in May and April and meeting market expectations, according to preliminary estimates. Upward pressure came from electricity and gas prices, which increased more sharply than they did in June 2025. In contrast, motor fuels and lubricants for personal vehicles helped moderate inflation, as their prices declined compared with the increase recorded a year earlier. Meanwhile, the core inflation rate eased to 2.9% from an upwardly revised 3.0% in May. On a monthly basis, the CPI rose 0.6%, following a 0.1% rise in May. Considering the EU-harmonised CPI, the annual inflation rate also steadied at 3.6% and the monthly rate also increased to 0.6% from 0.1%. source: National Statistics Institute (INE)

Inflation Rate in Spain remained unchanged at 3.20 percent in June. Inflation Rate in Spain averaged 6.31 percent from 1955 until 2026, reaching an all time high of 28.43 percent in August of 1977 and a record low of -1.40 percent in July of 2009. This page 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. Spain Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.

Inflation Rate in Spain remained unchanged at 3.20 percent in June. Inflation Rate in Spain is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Inflation Rate is projected to trend around 2.30 percent in 2027 and 2.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-12 07:00 AM
Inflation Rate YoY Final
May 3.2% 3.2% 3.2% 3.2%
2026-06-29 07:00 AM
Inflation Rate YoY Prel
Jun 3.2% 3.2% 3.2% 3.1%
2026-07-15 07:00 AM
Inflation Rate YoY Final
Jun 3.2% 3.2% 3.2%



Components Last Previous Unit Reference
Core Inflation Rate YoY 2.90 3.00 percent Jun 2026
Food Inflation 2.20 2.60 percent May 2026

Related Last Previous Unit Reference
CPI 102.95 102.88 points May 2026
Core Consumer Prices 102.91 102.67 points May 2026
CPI Clothing and Footwear 104.06 104.14 points May 2026
CPI Education 101.86 101.86 points May 2026
CPI Food and Non-Alcoholic Beverages 102.44 102.41 points May 2026
CPI Housing Utilities 99.70 99.79 points May 2026
CPI Recreation and Culture 101.17 101.49 points May 2026
CPI Restaurants and Hotels 104.84 104.20 points May 2026
CPI Transportation 105.72 105.89 points 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 Inflation Rate
In Spain, the most important categories in the Consumer Price Index are: Foods & Non-alcoholic Beverages (23% of the total weight), Housing, Water, Electricity, Gas & Other Fuels (14%), Restaurants & Hotels (13%) and Transport (13%). The index also includes: Recreation & Culture (6%), Miscellaneous Goods & Services (6%), Clothing & Footwear (6%), Furnishings, Household Equipment & Routine Maintenance (6%), Health (4%), Communications (4%), Alcoholic Beverages & Tobacco (3%), and Education (2%).
Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.20 28.43 -1.40 1955 - 2026 percent Monthly
2025=100

News Stream
Spain Inflation Rate Holds at 3.2% as Expected
Spain's annual inflation rate remained unchanged at 3.2% in June 2026, matching the readings in May and April and meeting market expectations, according to preliminary estimates. Upward pressure came from electricity and gas prices, which increased more sharply than they did in June 2025. In contrast, motor fuels and lubricants for personal vehicles helped moderate inflation, as their prices declined compared with the increase recorded a year earlier. Meanwhile, the core inflation rate eased to 2.9% from an upwardly revised 3.0% in May. On a monthly basis, the CPI rose 0.6%, following a 0.1% rise in May. Considering the EU-harmonised CPI, the annual inflation rate also steadied at 3.6% and the monthly rate also increased to 0.6% from 0.1%.
2026-06-29
Spain Confirms May Inflation Steady at 3.2%
Spain's annual inflation rate was at 3.2% in May 2026, unchanged from the prior month and matching the preliminary estimate. Upward pressure from prices of transportation (7.4% vs 6.5% in April) and recreational activities, sport, and culture (2.6% vs 0.7%) was counterbalanced by softer food inflation (2.2% vs 2.6%) and falling clothing and footwear prices (-1.1% vs 1.4%). The core inflation rate, which excludes volatile items such as food and energy, ticked higher to 2.9% from 2.8% in the prior month. Meanwhile, the EU-harmonized annual rate edged up to 2.9% from 2.8% in April, also in line with expectations. On a monthly basis, consumer prices edged up 0.1%, down from a 0.4% increase in April, and the harmonized index also increased 0.1%, after a 0.7% rise in the month before, both matching early estimates.
2026-06-12
Spain Inflation Rate Unexpectedly Holds Steady at 3.2%
Spain’s annual inflation rate stood at 3.2% in May 2026, matching April's reading and below the expected 3.4%, preliminary data showed. Prices of transport and recreational, sporting and cultural activities exerted upward pressure as declines were smaller than in May 2025, but this was more than offset by falling clothing and footwear prices and by stable food and non-alcoholic beverage prices compared with last year. The core inflation rate, which excludes volatile items such as food and energy, ticked higher to 2.9% from 2.8% in the prior month. Meanwhile, the EU-harmonized annual rate rose further to 3.6%, a new high since June 2024, up from 3.5% in April and in line with expectations. On a monthly basis, consumer prices edged up 0.1%, down from a 0.4% increase in April and slightly below forecasts of a 0.2% rise, and the harmonized index also increased 0.1%, after a 0.7% rise in April and below the expected 0.2% uptick.
2026-05-29