Makrognosis

Spain National CPI inflation, y/y % as published (incl. flash/avance)

MonthlyNot seasonally adjustedCode ES.IPCINFL.M.NSA

Latest4.9%October 2026
Previous4.9%September 2026
Year ago3.1%October 2025

Spain National CPI inflation, y/y % as published (incl. flash/avance) was 4.9% in October 2026, unchanged from September 2026 and up 1.8 percentage points from a year earlier.

Among the 20 economies Makrognosis covers on this measure, it is the 6th highest.

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

Spain National CPI inflation, y/y % as published (incl. flash/avance) (Annual rate of change), Jan 2011 – Oct 2026−2.5%0.0%2.5%5.0%7.5%10.0%20122014201620182020202220242026Robomacro
Spain National CPI inflation, y/y % as published (incl. flash/avance) (Annual rate of change), Jan 2011 – Oct 2026. Source: INEES.

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

Recent data

PeriodValue
October 20264.9%
September 20264.9%
August 20264.3%
July 20263.6%
June 20263.2%
May 20263.2%
April 20263.2%
March 20263.4%
February 20262.3%
January 20262.3%
December 20252.9%
November 20253.0%
October 20253.1%
September 20253.0%
August 20252.7%
July 20252.7%
June 20252.3%
May 20252.0%
April 20252.2%
March 20252.3%
February 20253.0%
January 20252.9%
December 20242.8%
November 20242.4%

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

Get Spain National CPI inflation, y/y % as published (incl. flash/avance) in your code or spreadsheet

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import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/ES.IPCINFL.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
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About this series

Latest observationOctober 2026
First observationJanuary 2011
Observations190
FrequencyMonthly
UnitsAnnual rate of change
AdjustmentNot seasonally adjusted
10-year high10.8% (Jul 2022)
10-year low−0.9% (May 2020)
10-year average2.7%
Source agencyINEES
Makrognosis codeES.IPCINFL.M.NSA

National CPI inflation, y/y % as published (incl. flash/avance): how Spain compares

#EconomyPeriodLatest
1RomaniaAug 20266.2%
2GreeceOct 20265.7%
3BulgariaSep 20265.7%
4ItalyOct 20265.4%
5BelgiumOct 20265.3%
6SpainOct 20264.9%
7CroatiaSep 20264.7%
8CyprusOct 20264.4%
9IrelandOct 20264.3%
10EstoniaOct 20264.2%
11PortugalOct 20263.8%
12NetherlandsOct 20263.7%
13AustriaSep 20263.6%
14FranceOct 20263.4%
15LatviaOct 20263.1%
16GermanyOct 20262.8%
17FinlandSep 20262.5%
18Czech RepublicOct 20262.4%
19DenmarkOct 20262.2%
20HungaryOct 20262.0%

National CPI inflation, y/y % as published (incl. flash/avance) by country: all 20 economies ranked →

Other Spain indicators

Spain GDP (Gross Domestic Product)Spain GDP at market prices, current prices, SA+calendarSpain Inflation Rate (CPI)Spain 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 adjusted

FAQ

What is the current national CPI inflation, y/y % as published (incl. flash/avance) in Spain?
The latest reading is 4.9% 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.IPCINFL.M.NSA.

Last updated 2026-11-10. Source: INEES. Original title: “Spain CPI inflation (INE national IPC), annual % change — includes flash/preview when INE publishes avance before final index (Tempus3 IPC290750)”.