Makrognosis

Spain Inflation Rate (CPI)

MonthlyNot seasonally adjustedCode ES.CPI.M.NSA

Latest (y/y)4.9%October 2026
Previous (y/y)4.9%September 2026
Level105.7October 2026

Spain Inflation Rate (CPI) was up 4.9% year on year in October 2026, compared with 4.9% in September 2026.

The level stood at 105.7 (Index).

Among the 80 economies Makrognosis covers on this measure, it is the 28th highest.

Over the past ten years it has ranged from −0.9% (May 2020) to 10.8% (Jul 2022), averaging 2.7%.

Spain Inflation Rate (CPI), annual % change, Jan 2012 – Oct 2026−2.5%0.0%2.5%5.0%7.5%10.0%20122014201620182020202220242026Robomacro
Spain Inflation Rate (CPI), annual % change, Jan 2012 – Oct 2026. Source: INEES.
Spain Inflation Rate (CPI), level (Index)70809010011020122014201620182020202220242026Robomacro
Spain Inflation Rate (CPI), level (Index).

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

Recent data

PeriodValueY/Y %
October 2026105.74.9
September 2026105.04.9
August 2026104.64.3
July 2026103.93.6
June 2026103.63.2
May 2026103.03.2
April 2026102.93.2
March 2026102.43.4
February 2026101.32.3
January 2026100.82.3
December 2025101.32.9
November 2025100.93.0
October 2025100.73.1
September 2025100.13.0
August 2025100.32.7
July 2025100.32.7
June 2025100.42.3
May 202599.712.0
April 202599.652.2
March 202599.022.3
February 202598.973.0
January 202598.582.9
December 202498.412.8
November 202497.972.4

Last 24 observations. The full history (190 observations) is available through the API.

Get Spain Inflation Rate (CPI) 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.CPI.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/ES.CPI.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 observationJanuary 2011
Observations190
FrequencyMonthly
UnitsIndex
AdjustmentNot seasonally adjusted
10-year high10.8% (Jul 2022)
10-year low−0.9% (May 2020)
10-year average2.7%
Source agencyINEES
Makrognosis codeES.CPI.M.NSA

Inflation Rate (CPI): how Spain compares

#EconomyPeriodLatest
1VenezuelaOct 2026376.9%
2SudanDec 202568.1%
3ArgentinaOct 202633.1%
4TurkeyOct 202629.8%
5HaitiSep 202616.4%
23BelgiumOct 20265.3%
24PeruOct 20265.3%
25VietnamOct 20265.1%
26GeorgiaSep 20265.1%
27UruguayOct 20264.9%
28SpainOct 20264.9%
29CroatiaSep 20264.8%
30BrazilOct 20264.6%
31South AfricaSep 20264.5%
32ChileOct 20264.5%
33CyprusOct 20264.4%
34AustraliaSep 20264.3%

Inflation Rate (CPI) by country: all 80 economies ranked →

More Spain Inflation Rate (CPI) series

Spain HICP: Alcohol, tobacco & narcotics (2025=100)Spain HICP: All-items excl. energy & seasonal food (2025=100)Spain HICP: All-items excl. energy & unprocessed food (2025=100)Spain HICP: All-items excl. energy (2025=100)Spain HICP: All-items excl. tobacco (2025=100)Spain HICP: Clothing & footwear (2025=100)Spain HICP: Education services (2025=100)Spain HICP: Energy (2025=100)Spain HICP: Food & non-alcoholic beverages (2025=100)Spain HICP: Food (2025=100)Spain HICP: Furnishings & household equipment (2025=100)Spain HICP: Health (2025=100)Spain HICP: Housing, water, electricity & fuels (2025=100)Spain HICP: Industrial goods (2025=100)Spain HICP: Information & communication (2025=100)Spain HICP: Insurance & financial services (2025=100)Spain HICP: Non-energy industrial goods (2025=100)Spain HICP: Personal care & misc. goods/services (2025=100)Spain HICP: Recreation, sport & culture (2025=100)Spain HICP: Restaurants & accommodation (2025=100)

Other Spain indicators

Spain GDP (Gross Domestic Product)Spain GDP at market prices, current prices, SA+calendarSpain Core Inflation RateSpain 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 inflation Rate (CPI) in Spain?
The latest reading is 4.9% year on year for October 2026, published by INEES.
Where does this data come from?
It is collected directly from INEES and is available through the Makrognosis API under the code ES.CPI.M.NSA.

Last updated 2026-11-13. Source: INEES. Original title: “Spain CPI (INE national IPC), overall index (Tempus3 IPC290751; distinct from Eurostat HICP on ES.HICP.M.NSA)”.