Spain: Inflation, monthly
* indicates monthly or quarterly data series
The most recent value is 0.07 percent as of May 2026, a decline compared to the previous value of 0.7 percent. Historically, the average for Spain from February 1996 to May 2026 is 0.2 percent. The minimum of -2.45 percent was recorded in January 2016, while the maximum of 3.92 percent was reached in March 2022.
Click on the following link to see the values of: Inflation, monthly around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Eurostat
| Recent values | Spain: Inflation, monthly percent change in the CPI |
|---|---|
| 2026 May | 0.07 |
| 2026 Apr | 0.7 |
| 2026 Mar | 1.66 |
| 2026 Feb | 0.43 |
| 2026 Jan | -0.75 |
| 2025 Dec | 0.33 |
| 2025 Nov | 0.01 |
| 2025 Oct | 0.53 |
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Definition: The percentage change in the CPI from one month to the next.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 2.8 | 2024 | percent |
| Exchange rate regimes | 7 | 2023 | index points |
| USD exchange rate | 0.8563 | 5/2026 | Local Currency Units per USD |
| Money supply (broad money) | 1,674.09 | 12/2025 | billion |
| Consumer Price Index (CPI) | 103.4300 | 5/2026 | index points |
| Inflation, monthly | 0.07 | 5/2026 | percent |
| Inflation, annual | 3.63 | 5/2026 | percent |
| Food and beverages inflation | 2.63 | 4/2026 | percent |
| Alcohol and tobacco inflation | 4.58 | 4/2026 | percent |
| Energy price inflation | 6.59 | 4/2026 | percent |
| Transport services inflation | 6.47 | 4/2026 | percent |
| Services inflation | 3.44 | 4/2026 | percent |
| Information and communication inflation | 0.28 | 4/2026 | percent |
| Restaurant and accommodation services inflation | 4.67 | 4/2026 | percent |
| Health care inflation | 2.03 | 4/2026 | percent |
| Education services inflation | 2.61 | 4/2026 | percent |
| Clothing and footwear inflation | 1.42 | 4/2026 | percent |
| Housing inflation | 2.44 | 4/2026 | percent |
| Private sector credit | 1,164.83 | 12/2025 | billion |
| Business credit | 462.60 | 12/2025 | billion |
| Household credit | 702.24 | 12/2025 | billion |
| Mortgage credit | 511.67 | 12/2025 | billion |
| Consumer credit | 190.57 | 12/2025 | billion |
| Deposit interest rate | 1.67 | 12/2025 | percent |
| Business credit interest rate | 3.24 | 12/2025 | percent |
| Mortgage credit interest rate | 2.78 | 12/2025 | percent |
| Household debt to GDP | 43.00 | 9/2025 | percent |
| Debt service ratios for private non-financial sector | 11.80 | Q3/2025 | percent |