Annual inflation rate in Spain increased to 8.7% in May of 2022 from 8.3% in April, in line with preliminary estimates. The inflation accelerated again in May after slowing from a near 40-year high of 9.8% in April, with main upward pressure coming from cost of transport (14.9%); food and non-alcoholic beverages (11%); and hotels, cafes and restaurants (6.3%). On the other hand, a slowdown was seen in cost of housing (17.5%) and recreation and culture (2.3%). On a monthly basis, consumer prices jumped 0.8%, rebounding from a 0.2% drop in April. source: National Statistics Institute (INE)

Inflation Rate in Spain averaged 6.46 percent from 1955 until 2022, reaching an all time high of 28.43 percent in August of 1977 and a record low of -1.37 percent in July of 2009. This page provides the latest reported value for - Spain Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Inflation Rate in Spain is expected to be 9.20 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 is projected to trend around 2.00 percent in 2023 and 1.00 percent in 2024, according to our econometric models.

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Spain Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-30 07:00 AM Inflation Rate YoY Prel May 8.7% 8.3% 8.3% 8.1%
2022-06-10 07:00 AM Inflation Rate YoY Final May 8.7% 8.3% 8.7% 8.7%
2022-06-29 07:00 AM Inflation Rate YoY Prel Jun 8.7% 9% 9.2%


Related Last Previous Unit Reference
Inflation Rate 8.70 8.30 percent May 2022
Inflation Rate Mom 0.80 -0.20 percent May 2022
Consumer Price Index CPI 108.24 107.38 points May 2022
Harmonised Consumer Prices 116.03 115.21 points May 2022
Core Consumer Prices 105.09 104.35 points May 2022
Core Inflation Rate 4.90 4.40 percent May 2022
Producer Prices 157.10 154.60 points Apr 2022
Producer Prices Change 43.60 44.50 percent May 2022
Food Inflation 10.98 10.12 percent May 2022
CPI Transportation 113.64 110.47 points May 2022
CPI Housing Utilities 113.81 114.65 points May 2022

Spain Inflation Rate
In Spain, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of the total weight), transport (15 percent), housing and utilities (13 percent) and hotels, cafés and restaurants (12 percent). The index also includes: Recreation and culture (9 percent); miscellaneous goods and services (7 percent); and clothing and footwear (7 percent). Furnishings, household equipment and routine maintenance of the house; health; communications; alcoholic beverages and tobacco; and education account for the remaining 18 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
8.70 8.30 28.43 -1.37 1955 - 2022 percent Monthly
2011=100

News Stream
Spain Inflation Rate Confirmed at 8.7%
Annual inflation rate in Spain increased to 8.7% in May of 2022 from 8.3% in April, in line with preliminary estimates. The inflation accelerated again in May after slowing from a near 40-year high of 9.8% in April, with main upward pressure coming from cost of transport (14.9%); food and non-alcoholic beverages (11%); and hotels, cafes and restaurants (6.3%). On the other hand, a slowdown was seen in cost of housing (17.5%) and recreation and culture (2.3%). On a monthly basis, consumer prices jumped 0.8%, rebounding from a 0.2% drop in April.
2022-06-10
Spain Inflation Rate Quickens in May
Spain’s annual inflation rate likely accelerated to 8.7 percent in May of 2022, from 8.3 percent in April and above market expectations of 8.3 percent, preliminary estimates showed. Main upward pressure should come from prices of food & non-alcoholic beverages. The annual core inflation, which excludes volatile items such as unprocessed food and energy products, is seen rising to 4.9 percent in May, the highest since October of 1995, from 4.4 percent in April. On a monthly basis, consumer prices are expected to rise by 0.8 percent, after a 0.2 percent decrease in April.
2022-05-30
Spain Inflation Rate Revised Lower
Spain’s annual inflation decelerated to 8.3 percent in April of 2022 from a near 40-year high of 9.8 percent in March and below preliminary estimates of an 8.4 percent increase. Lower inflationary pressure was mainly due to eased commodity prices following the shock of the war in Ukraine and restored supply chains as Spain's trucker strike lost momentum. Prices rose at a slower rate for housing and utilities (18.8 percent vs 33.1 percent in March) and transportation (12.8 percent vs 18.6 percent). On the other hand, costs accelerated for food and non-alcoholic beverages (10.1 percent vs 6.8 percent), restaurant and hotels (5.8 percent vs 4.4 percent), and leisure and culture (2.9 percent vs 1.2 percent). The annual core rate, which excludes food and energy products rose to 4.4 percent in April, the highest since 1995, from 3.3 percent in March. On a monthly basis, consumer prices fell by 0.2 percent, compared to a 3 percent jump in the previous period.
2022-05-13