Producer prices in Spain fell 3% year on year in December 2025, the steepest decline since October 2024, following a 2.5% decrease in November. The largest downward pressure came from energy prices, which dropped 10.8% after a 9% fall in the previous month. This was mainly driven by lower prices in oil refining and, to a lesser extent, gas production, partially offset by increases recorded in pipeline distribution of gaseous fuels in December 2024. In contrast, prices for electricity production, transmission, and distribution increased. Excluding energy, producer prices rose 0.8%, up from 0.5% in November. Non-durable consumer goods prices increased 1.1%, 0.8 percentage points higher than in November, reflecting rising prices in the manufacture of vegetable and animal oils and fats, following a decline in December 2024. On a month-on-month basis, the PPI rose 0.4%, with electricity prices surging 7.6%, providing the largest upward contribution. source: National Statistics Institute (INE)

Producer Prices in Spain decreased 3 percent in December of 2025 over the same month in the previous year. Producer Prices Change in Spain averaged 5.23 percent from 1976 until 2025, 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 February of 2026.

Producer Prices in Spain decreased 3 percent in December of 2025 over the same month in the previous year. Producer Prices Change in Spain is expected to be 0.40 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 2.30 percent in 2027 and 2.10 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-23 08:00 AM
PPI YoY
Nov -2.5% 0.8% 0.9%
2026-01-26 08:00 AM
PPI YoY
Dec -3% -2.5% -2.0%
2026-02-25 08:00 AM
PPI YoY
Jan -3% -2.2%


Related Last Previous Unit Reference
CPI 100.84 101.29 points Jan 2026
Core Consumer Prices 118.98 118.50 points Dec 2025
Core Inflation Rate YoY 2.60 2.60 percent Jan 2026
CPI Housing Utilities 102.71 101.78 points Jan 2026
CPI Transportation 99.63 100.71 points Jan 2026
Food Inflation 3.00 3.00 percent Jan 2026
Harmonised Consumer Prices 100.59 101.29 points Jan 2026
Inflation Rate YoY 2.30 2.90 percent Jan 2026
Inflation Rate MoM -0.40 0.30 percent Jan 2026
Producer Prices 125.20 124.80 points Dec 2025
PPI YoY -3.00 -2.50 percent Dec 2025


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
-3.00 -2.50 47.00 -9.90 1976 - 2025 percent Monthly
2021=100, NSA

News Stream
Spain Producer Prices Fall at Fastest Pace Since 2024
Producer prices in Spain fell 3% year on year in December 2025, the steepest decline since October 2024, following a 2.5% decrease in November. The largest downward pressure came from energy prices, which dropped 10.8% after a 9% fall in the previous month. This was mainly driven by lower prices in oil refining and, to a lesser extent, gas production, partially offset by increases recorded in pipeline distribution of gaseous fuels in December 2024. In contrast, prices for electricity production, transmission, and distribution increased. Excluding energy, producer prices rose 0.8%, up from 0.5% in November. Non-durable consumer goods prices increased 1.1%, 0.8 percentage points higher than in November, reflecting rising prices in the manufacture of vegetable and animal oils and fats, following a decline in December 2024. On a month-on-month basis, the PPI rose 0.4%, with electricity prices surging 7.6%, providing the largest upward contribution.
2026-01-26
Spain PPI Slips as Energy Prices Plunge
Producer prices in Spain dropped by 2.5% year-on-year in November 2025, the most since October 2024, following an upwardly revised 0.8% increase in the prior month. Downward pressure stemmed primarily from energy (-9.1% vs 2% in October), led by declines in electricity prices and, to a lesser extent, gas production and pipeline distribution costs. Prices also fell for intermediate goods (-0.2% vs -0.5%). On the other hand, increases were seen for consumer goods (0.4% vs -0.6%), of which durable (1.6% vs 1.7%) and non-durable goods (0.3% vs -0.7%); and capital goods (2.1% vs 2.1%). Excluding energy, producer prices went up by 0.5% in November, after a 0.1% decrease in the previous month. On a monthly basis, producer prices decreased by 0.4%, after a 0.5% rise in October.
2025-12-23
Spain Producer Inflation Rate Hits 4-Month High
Producer price inflation in Spain rose to 0.7% year-on-year in October 2025, the highest since June, from a downwardly revised 0.2% in the prior month, mainly on account of prices of energy (1.9% vs 0.3% in September). Additional upward pressure came from capital goods (2.1% vs 1.8%) and durable consumer goods (1.7% vs 1.7%). Conversely, costs continued to decrease for intermediate goods (-0.5% vs -0.5%) and non-durable consumer goods (-0.7% vs -0.8%). Excluding energy, producer prices fell by 0.1% in October, the same pace as in the previous month. On a monthly basis, producer prices went up by 0.5%, reversing a similar decline in the prior month.
2025-11-25