Producer price inflation in Spain accelerated to 9.2% in July 2026 from 7% in June, largely driven by a sharp rise in energy prices, which rose to 20.8% from 14.3%. The rise mainly reflected stronger increases in electricity production, transport and distribution prices, while gas-related prices declined after rising in July 2025. Additional upward pressure came from prices of intermediate goods (6.8% vs 6.6%); durable consumer goods (3.6% vs 3.4%) and capital goods (2.3% vs 2.5%). Meanwhile, costs softened for non-durable consumer goods (0.5% vs 0.9%), mainly due to lower prices for vegetable and animal oils and fats compared with a year earlier. Excluding energy, producer inflation came in at 3.5%, down slightly from 3.6% in the prior month. On a monthly basis, the PPI surged by 3% in July, its largest increase in four months, after being flat in June, mainly driven by increases in electricity production, transport and distribution (16.6%) and oil refining prices (5.3%). source: National Statistics Institute (INE)

Producer Prices in Spain increased 9.20 percent in July of 2026 over the same month in the previous year. Producer Prices Change in Spain averaged 5.22 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 September of 2026.

Producer Prices in Spain increased 9.20 percent in July of 2026 over the same month in the previous year. Producer Prices Change in Spain is expected to be 8.30 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
2026-07-24 07:00 AM
PPI YoY
Jun 7% 10.5% 10.1%
2026-08-25 07:00 AM
PPI YoY
Jul 9.2% 7% 5.8%
2026-09-24 07:00 AM
PPI YoY
Aug 9.2%


Related Last Previous Unit Reference
CPI 103.90 103.60 points Jul 2026
Core Consumer Prices 103.27 103.34 points Jul 2026
Core Inflation Rate YoY 2.90 3.00 percent Aug 2026
CPI Housing Utilities 105.80 104.17 points Jul 2026
CPI Transportation 106.77 104.34 points Jul 2026
Food Inflation 1.60 1.90 percent Jul 2026
Harmonised Consumer Prices 104.71 104.06 points Aug 2026
Inflation Rate YoY 4.30 3.60 percent Aug 2026
Inflation Rate MoM 0.70 0.30 percent Aug 2026
Producer Prices 137.70 133.70 points Jul 2026
PPI YoY 9.20 7.00 percent Jul 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
9.20 7.00 47.00 -9.90 1976 - 2026 percent Monthly
2021=100, NSA

News Stream
Spain Producer Inflation Quickens to 9.2% in July
Producer price inflation in Spain accelerated to 9.2% in July 2026 from 7% in June, largely driven by a sharp rise in energy prices, which rose to 20.8% from 14.3%. The rise mainly reflected stronger increases in electricity production, transport and distribution prices, while gas-related prices declined after rising in July 2025. Additional upward pressure came from prices of intermediate goods (6.8% vs 6.6%); durable consumer goods (3.6% vs 3.4%) and capital goods (2.3% vs 2.5%). Meanwhile, costs softened for non-durable consumer goods (0.5% vs 0.9%), mainly due to lower prices for vegetable and animal oils and fats compared with a year earlier. Excluding energy, producer inflation came in at 3.5%, down slightly from 3.6% in the prior month. On a monthly basis, the PPI surged by 3% in July, its largest increase in four months, after being flat in June, mainly driven by increases in electricity production, transport and distribution (16.6%) and oil refining prices (5.3%).
2026-08-25
Spain Producer Inflation Slows to 7% in June
Producer prices in Spain rose 7% year-on-year in June 2026, easing from a 10.5% jump in the previous month. Cost slowed for energy (14.3% vs 28.5% in May), due to lower prices in electricity production, transmission and distribution and a decline in oil refining prices; and consumer goods (1% vs 1.3%). On the other hand, prices accelerate for intermediate goods (6.6% vs 6.1%) and capital goods (2.5% vs 2.3%). Excluding energy, producer inflation picked up to 3.6% from 3.4% in the prior month. On a monthly basis, producer prices showed no growth, after a 1% increase in May.
2026-07-24
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