Spain Inflation Rate

How much consumer prices are rising compared with a year ago.

5.0%

+0.4pp vs Aug 2026

Sep 2026 · Monthly data

Not seasonally adjusted

Matches the latest releaseNot refreshed recently, awaiting the next release

Explore the full Spain economy15 live indicators on one dashboard, from growth and prices to jobs, trade and public finances. Updated automatically from official sources.

Inflation Rate

Jan 1997 to Sep 2026

Source: FRED series CP0000ESM086NEST · HICP, all items, year on year.

Spain Inflation Rate in context

Worked out from the published series shown above.

In Spain, the inflation rate rose by 1.9pp over the year to Sep 2026, from 3.0% in Sep 2025.

It is the highest reading since Feb 2023.

Over the past five years it has ranged from 1.6% in Jun 2023 to 10.7% in Jul 2022.

Its average since Jan 1997 is 2.4%, and the latest reading is above that.

Spain is 17th of 62 countries in our Inflation Rate by Country ranking.

How this series is defined

Everything you need to check the figure against the source.

Source
FRED
Series
CP0000ESM086NEST
Frequency
Monthly
Unit
%
Seasonal adjustment
Not seasonally adjusted
Latest observation
Sep 2026
Revision status
Latest published estimate, subject to revision

The European Central Bank targets 2% inflation for the euro area as a whole.

Data refreshed 2026-10-28. Figures are the latest published observations and can be revised.

More Spain indicators

Latest readings. Open any one for its full history.

Rankings

See every country we track, side by side.