Makrognosis

Spain Core Inflation Rate

MonthlyNot seasonally adjustedCode ES.CPICORE.M.NSA

Latest (y/y)3.5%October 2026
Previous (y/y)3.5%September 2026
Level104.7October 2026

Spain Core Inflation Rate was up 3.5% year on year in October 2026, compared with 3.5% in September 2026.

The level stood at 104.7 (index).

Among the 50 economies Makrognosis covers on this measure, it is the 17th highest.

Over the past ten years it has ranged from −0.3% (Apr 2021) to 5.1% (Feb 2023), averaging 2.1%.

Spain Core Inflation Rate, annual % change, Dec 2001 – Oct 2026−2%0%2%4%6%20052010201520202025Robomacro
Spain Core Inflation Rate, annual % change, Dec 2001 – Oct 2026. Source: Eurostat (Statistical Office of the European Union).
Spain Core Inflation Rate, level (index)6070809010020052010201520202025Robomacro
Spain Core Inflation Rate, level (index).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
October 2026104.73.5
September 2026104.33.5
August 2026104.13.6
July 2026103.83.7
June 2026104.33.6
May 2026103.83.7
April 2026103.53.2
March 2026102.13.1
February 2026100.53.0
January 2026100.13.0
December 2025101.43.0
November 2025101.03.0
October 2025101.22.9
September 2025100.92.7
August 2025100.52.7
July 2025100.12.6
June 2025100.72.5
May 2025100.12.5
April 2025100.23.0
March 202599.032.2
February 202597.602.3
January 202597.232.4
December 202498.502.6
November 202498.072.5

Last 24 observations. The full history (311 observations) is available through the API.

Get Spain Core Inflation Rate in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/ES.CPICORE.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/ES.CPICORE.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationOctober 2026
First observationDecember 2000
Observations311
FrequencyMonthly
Unitsindex
AdjustmentNot seasonally adjusted
10-year high5.1% (Feb 2023)
10-year low−0.3% (Apr 2021)
10-year average2.1%
Source agencyEurostat (Statistical Office of the European Union)
Makrognosis codeES.CPICORE.M.NSA

Core Inflation Rate: how Spain compares

#EconomyPeriodLatest
1ArgentinaSep 202631.6%
2TurkeyOct 202628.5%
3RomaniaSep 20267.0%
4IcelandSep 20266.8%
5KosovoSep 20266.2%
12GeorgiaSep 20263.7%
13LithuaniaOct 20263.7%
14HungarySep 20263.7%
15AustraliaSep 20263.6%
16North MacedoniaSep 20263.6%
17SpainOct 20263.5%
18CyprusOct 20263.3%
19ChileOct 20263.3%
20CroatiaOct 20263.2%
21LatviaOct 20263.2%
22PortugalOct 20263.1%
23PeruOct 20263.1%

Core Inflation Rate by country: all 50 economies ranked →

Other Spain indicators

Spain GDP (Gross Domestic Product)Spain GDP at market prices, current prices, SA+calendarSpain Inflation Rate (CPI)Spain Unemployment RateSpain 10-Year Government Bond YieldSpain Credit Rating & Sovereign Risk ScoreSpain Industrial ProductionSpain Retail SalesSpain Producer Price Inflation (PPI)Spain Current account balance (Banco de Espana balance of payments, BE_17_1.1), EUR millionsSpain Current account balance, % of GDPSpain Trade Balance: Goods & ServicesSpain Exports of goods and services, Current prices, million EURSpain Exports of goods and services, chain-linked volumeSpain Exports of goods, total trade (World), seasonally adjustedSpain Imports of goods and services, Current prices, million EUR

FAQ

What is the current core Inflation Rate in Spain?
The latest reading is 3.5% year on year for October 2026, published by Eurostat (Statistical Office of the European Union).
Where does this data come from?
It is collected directly from Eurostat (Statistical Office of the European Union) and is available through the Makrognosis API under the code ES.CPICORE.M.NSA.

Last updated 2026-11-05. Source: Eurostat (Statistical Office of the European Union). Original title: “Spain HICP: Core (excl. energy, food, alcohol & tobacco) (2025=100)”.