Producer price inflation in Spain climbed further to 10.5% in May 2026, a new high since December 2022, from an upwardly revised 8.5% in the prior month. Energy prices remained the main driver (28.2% vs 23.0% in April), pushed by higher costs in electricity production, transmission and distribution, and to a lesser extent gas production and pipeline distribution, partly offset by a sharper decline in oil refining prices. Additional upward pressure came from intermediate goods (6.1% vs 4.1%), on the back of higher chemicals, fertilizers, plastics and rubber costs. Prices for capital goods rose slightly faster (2.2% vs 2.1%) while consumer goods costs slowed (1.3% vs 1.6%). Excluding energy, producer prices surged by 3.5%, compared to 2.7% increase in the previous month. On a monthly basis, producer prices rose by 1%, after an upwardly revised 2% advance in April. source: National Statistics Institute (INE)

Producer Prices in Spain increased 10.50 percent in May of 2026 over the same month in the previous year. Producer Prices Change in Spain averaged 5.21 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 July of 2026.

Producer Prices in Spain increased 10.50 percent in May of 2026 over the same month in the previous year. Producer Prices Change in Spain is expected to be 9.50 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
2026-05-26 07:00 AM
PPI YoY
Apr 8.3% 3.1% 3.8%
2026-06-25 07:00 AM
PPI YoY
May 10.5% 8.5% 8.1%
2026-07-24 07:00 AM
PPI YoY
Jun 10.5% 9.5%


Related Last Previous Unit Reference
CPI 102.95 102.88 points May 2026
Core Consumer Prices 102.91 102.67 points May 2026
Core Inflation Rate YoY 2.90 3.00 percent Jun 2026
CPI Housing Utilities 99.70 99.79 points May 2026
CPI Transportation 105.72 105.89 points May 2026
Food Inflation 2.20 2.60 percent 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 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
10.50 8.50 47.00 -9.90 1976 - 2026 percent Monthly
2021=100, NSA

News Stream
Spain Producer Inflation Hits Double Digits in May
Producer price inflation in Spain climbed further to 10.5% in May 2026, a new high since December 2022, from an upwardly revised 8.5% in the prior month. Energy prices remained the main driver (28.2% vs 23.0% in April), pushed by higher costs in electricity production, transmission and distribution, and to a lesser extent gas production and pipeline distribution, partly offset by a sharper decline in oil refining prices. Additional upward pressure came from intermediate goods (6.1% vs 4.1%), on the back of higher chemicals, fertilizers, plastics and rubber costs. Prices for capital goods rose slightly faster (2.2% vs 2.1%) while consumer goods costs slowed (1.3% vs 1.6%). Excluding energy, producer prices surged by 3.5%, compared to 2.7% increase in the previous month. On a monthly basis, producer prices rose by 1%, after an upwardly revised 2% advance in April.
2026-06-25
Spain Producer Inflation Hits 2022-Peak
Producer price inflation in Spain spiked to 8.3% year-on-year in April 2026, the steepest since December 2022, from a downwardly revised 3.1% in the prior month. The main upward pressure came from energy prices (22.3% vs 7.1% in March), reflecting higher oil refining prices. This likely fed through to other categories, including intermediate goods (3.8% vs 0.8%), capital goods (2% vs 1.8%), and consumer goods (1.6% vs 1.2%), with increases in both durable (2.9% vs 2.2%) and non-durable items (1.5% vs 1.2%). Excluding energy, producer prices advanced by 2.6%, following a 1.2% increase in March. Compared with the previous month, the PPI rose by 1.7%, slowing sharply from a revised 6.2% jump in the month before. The moderation coincided with a sharp slowdown in oil refining (10.3% vs 46.3%) and a reversal in electric power generation, transmission, and distribution costs (-3.1% vs +13.1%).
2026-05-26
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