Spain's consumer price inflation rate rose to 5.8 percent in January 2023, up slightly from a 13-month low of 5.7 percent in the previous month, a preliminary estimate showed. The reading came in well above the European Central Bank's policy target of 2.0 percent as fuel prices continued to support the overall price increase, while cost for clothing & footwear and electricity fell. The annual core inflation, which excludes volatile items such as unprocessed food and energy, accelerated to 7.5 percent in January, the highest since the end of 1986. source: National Statistics Institute (INE)

Inflation Rate in Spain averaged 6.48 percent from 1955 until 2023, 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 February of 2023.

Inflation Rate in Spain is expected to be 5.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Spain Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-01-13 08:00 AM Inflation Rate YoY Final Dec 5.7% 6.8% 5.8% 5.8%
2023-01-30 08:00 AM Inflation Rate YoY Prel Jan 5.8% 5.7% 5.5%
2023-02-15 08:00 AM Inflation Rate YoY Final Jan 5.7% 5.8% 5.8%


Related Last Previous Unit Reference
Inflation Rate 5.80 5.70 percent Jan 2023
Inflation Rate MoM -0.30 0.20 percent Jan 2023
Harmonised Consumer Prices 116.64 117.22 points Jan 2023
Consumer Price Index CPI 109.57 109.90 points Jan 2023
Core Inflation Rate 7.50 7.00 percent Jan 2023
Core Consumer Prices 108.88 107.91 points Dec 2022
Producer Prices 156.40 159.10 points Dec 2022
Producer Prices Change 14.70 20.50 percent Dec 2022
Food Inflation 15.69 15.33 percent Dec 2022
CPI Transportation 106.96 112.54 points Dec 2022
CPI Housing Utilities 107.68 106.89 points Dec 2022

Spain Inflation Rate
In Spain, the most important categories in the Consumer Price Index are: Foods & Non-alcoholic Beverages (23% of the total weight), Housing, Water, Electricity, Gas & Other Fuels (14%), Restaurants & Hotels (13%) and Transport (13%). The index also includes: Recreation & Culture (6%), Miscellaneous Goods & Services (6%), Clothing & Footwear (6%), Furnishings, Household Equipment & Routine Maintenance (6%), Health (4%), Communications (4%), Alcoholic Beverages & Tobacco (3%), and Education (2%).
Actual Previous Highest Lowest Dates Unit Frequency
5.80 5.70 28.43 -1.37 1955 - 2023 percent Monthly
2011=100

News Stream
Spain Inflation Picks Up from 13-Month Low
Spain's consumer price inflation rate rose to 5.8 percent in January 2023, up slightly from a 13-month low of 5.7 percent in the previous month, a preliminary estimate showed. The reading came in well above the European Central Bank's policy target of 2.0 percent as fuel prices continued to support the overall price increase, while cost for clothing & footwear and electricity fell. The annual core inflation, which excludes volatile items such as unprocessed food and energy, accelerated to 7.5 percent in January, the highest since the end of 1986.
2023-01-30
Spain December Inflation Rate Revised Slightly Lower
Spain's consumer price inflation was revised slightly lower to 5.7 percent year-on-year in December 2022, down from a preliminary estimate of 5.8 percent and below the previous month's figure of 6.8 percent. It was the lowest rate since November 2021, mainly due to a decline in housing and utilities prices (-4.5 percent vs 1.0 percent in November) and a smaller increase in the cost of transport (3.3 percent vs 7.7 percent). On the other hand, prices rose at faster rates for food and non-alcoholic beverages (15.7 percent vs 15.3 percent), restaurants and hotels (7.8 percent vs 7.6 percent), recreation and culture (3.8 percent vs 3.2 percent), clothing and footwear (1.8 percent vs 0.0 percent), and miscellaneous goods and services (4.5 percent vs 4.3 percent). Meanwhile, the core inflation rate, which excludes unprocessed food and energy, surged to a 30-year high of 7.0 percent in December.
2023-01-13
Spain Inflation Rate Falls to 13-Month Low
The annual inflation rate in Spain fell to 5.8 percent in December of 2022 from 6.8 percent in the previous month, the lowest since November 2021, flash data showed. Electricity prices rose at a softer pace in December than a year ago and fuels posted a bigger decline. Meanwhile, clothing & footwear prices decreased, but less than in 2021 and tobacco and processed foods prices increased. On the other hand, the core inflation rate, which excludes volatile items such as unprocessed food and energy, picked up to 6.9 percent from 6.3 percent. On a monthly basis, consumer prices went up 0.3 percent, after a 0.1 decrease in November.
2022-12-30