Producer prices in Spain increased 3.4% year-on-year in March 2026, the first increase in five months, and the largest in a year, following a 6.9% fall in February. Energy prices surged by 7.9%, 30 percentage points higher than in February, driven by rising costs in electricity generation, transmission, and distribution, as well as petroleum refining and, to a lesser extent, gas production and pipeline distribution of gaseous fuels, reflecting broader upward pressure linked to the war with Iran. Excluding energy, producer prices rose 1.2%, compared to a 0.9% gain in the previous month. Also, intermediate goods were up 0.8%, 0.7 percentage points higher than in February, led by manufacture of basic chemicals, nitrogen compounds, fertilizers, plastics, and synthetic rubber in primary forms. Compared with the previous month, the PPI rose by 6.5%, the largest increase since March 2022, with around half of the rise driven by a 46.3% increase in oil refining prices. source: National Statistics Institute (INE)

Producer Prices in Spain increased 3.40 percent in March of 2026 over the same month in the previous year. Producer Prices Change in Spain averaged 5.20 percent from 1976 until 2026, reaching an all time high of 47.00 percent in March of 2022 and a record low of -9.90 percent in August of 2023. This page provides the latest reported value for - Spain Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

Producer Prices in Spain increased 3.40 percent in March of 2026 over the same month in the previous year. Producer Prices Change in Spain is expected to be 6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Producer Prices Change is projected to trend around 3.40 percent in 2027 and 2.60 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-25 08:00 AM
PPI YoY
Feb -7% -2.8% -2.9%
2026-04-24 07:00 AM
PPI YoY
Mar 3.4% -6.9% -2.0%
2026-05-26 07:00 AM
PPI YoY
Apr 3.4%


Related Last Previous Unit Reference
CPI 102.44 101.26 points Mar 2026
Core Consumer Prices 101.81 101.10 points Mar 2026
Core Inflation Rate YoY 2.80 2.90 percent Apr 2026
CPI Housing Utilities 102.51 102.37 points Mar 2026
CPI Transportation 104.92 100.42 points Mar 2026
Food Inflation 2.70 3.20 percent Mar 2026
Harmonised Consumer Prices 103.32 102.64 points Apr 2026
Inflation Rate YoY 3.20 3.40 percent Apr 2026
Inflation Rate MoM 0.40 1.20 percent Apr 2026
Producer Prices 130.00 122.10 points Mar 2026
PPI YoY 3.40 -6.90 percent Mar 2026


Spain Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.
Actual Previous Highest Lowest Dates Unit Frequency
3.40 -6.90 47.00 -9.90 1976 - 2026 percent Monthly
2021=100, NSA

News Stream
Spain Producer Prices Rise the Most in a Year
Producer prices in Spain increased 3.4% year-on-year in March 2026, the first increase in five months, and the largest in a year, following a 6.9% fall in February. Energy prices surged by 7.9%, 30 percentage points higher than in February, driven by rising costs in electricity generation, transmission, and distribution, as well as petroleum refining and, to a lesser extent, gas production and pipeline distribution of gaseous fuels, reflecting broader upward pressure linked to the war with Iran. Excluding energy, producer prices rose 1.2%, compared to a 0.9% gain in the previous month. Also, intermediate goods were up 0.8%, 0.7 percentage points higher than in February, led by manufacture of basic chemicals, nitrogen compounds, fertilizers, plastics, and synthetic rubber in primary forms. Compared with the previous month, the PPI rose by 6.5%, the largest increase since March 2022, with around half of the rise driven by a 46.3% increase in oil refining prices.
2026-04-24
Spain’s PPI Records Sharpest Drop Since 2024
Producer prices in Spain fell by 7% year-on-year in February 2026, marking the steepest decline since March 2024, following a revised 2.8% decrease in January. The drop was mainly driven by a sharp 22.3% fall in energy prices, reflecting lower costs in the production, transmission and distribution of electricity and, to a lesser extent, in gas production and the pipeline distribution of gaseous fuels. Excluding energy, producer prices rose by 0.8%, slightly easing from 0.9% in January. Prices for intermediate goods edged up just 0.1%, due to declines in the production of precious and other non-ferrous metals. Meanwhile, non-durable consumer goods prices increased by 1% as prices for the manufacture of vegetable and animal oils and fats declined less sharply than in February of the previous year. On a monthly basis, the producer price index fell by 3.1%.
2026-03-25
Spain Producer Prices Fall 2.9% YoY in January
Producer prices in Spain fell by 2.9% year on year in January 2026, following a 3.% decline in December. Energy prices continued to contract at a rapid pace (-10.6% vs -10.9% in the previous month). Within this category, prices for the production, transmission, and distribution of electricity declined less sharply than in January 2025, while petroleum refining prices fell, in contrast to the increase recorded in the same month last year. Excluding energy, producer prices rose by 0.8%, unchanged from December. Prices of non-durable consumer goods also increased by 0.8%, easing from a 1.2% rise in December, mainly due to a decline in prices for the processing and preservation of meat and the manufacture of meat products, which had increased in January of the previous year. On a month-on-month basis, the producer price index rose by 0.5%, driven in part by a sharp 4.8% increase in costs for gas production and the distribution of gaseous fuels through pipelines.
2026-02-25