The Consumer Price Index in Spain increased 0.10 percent in May of 2026 over the previous month. Inflation Rate MoM in Spain averaged 0.50 percent from 1954 until 2026, reaching an all time high of 4.58 percent in May of 1976 and a record low of -1.90 percent in January of 2016. source: National Statistics Institute (INE)

Inflation Rate MoM in Spain is expected to be 0.30 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 MoM is projected to trend around 0.30 percent in 2027 and 0.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-14 07:00 AM
Inflation Rate MoM Final
Apr 0.4% 1.2% 0.4% 0.4%
2026-05-29 07:00 AM
Inflation Rate MoM Prel
May 0.1% 0.4% 0.2% 0.4%
2026-06-12 07:00 AM
Inflation Rate MoM Final
May 0.4% 0.1% 0.1%


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 Clothing and Footwear 104.14 98.28 points Apr 2026
CPI Education 101.86 101.83 points Apr 2026
CPI Food and Non-Alcoholic Beverages 102.41 102.16 points Apr 2026
CPI Housing Utilities 99.79 102.51 points Apr 2026
CPI Recreation and Culture 101.49 100.12 points Apr 2026
CPI Restaurants and Hotels 104.20 102.94 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 Inflation Rate MoM
Inflation Rate MoM measures month over month change in the price of goods and services.
Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.40 4.58 -1.90 1954 - 2026 percent Monthly
2025=100