Makrognosis

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

MonthlyNot seasonally adjustedCode ES.IPCAINFL.M.NSA

Latest4.9%October 2026
Previous5.0%September 2026
Year ago3.2%October 2025

Spain National HICP inflation, y/y % as published (incl. flash/avance) was 4.9% in October 2026, down 0.10 percentage points from September 2026 and up 1.7 percentage points from a year earlier.

Among the 13 economies Makrognosis covers on this measure, it is the 4th highest.

Over the past ten years it has ranged from −0.9% (May 2020) to 10.7% (Jul 2022), averaging 2.8%.

Spain National HICP 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 HICP 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 20265.0%
August 20264.6%
July 20263.9%
June 20263.6%
May 20263.6%
April 20263.5%
March 20263.4%
February 20262.5%
January 20262.4%
December 20253.0%
November 20253.2%
October 20253.2%
September 20253.0%
August 20252.7%
July 20252.7%
June 20252.3%
May 20252.0%
April 20252.2%
March 20252.2%
February 20252.9%
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 HICP inflation, y/y % as published (incl. flash/avance) in your code or spreadsheet

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

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import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/ES.IPCAINFL.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 high10.7% (Jul 2022)
10-year low−0.9% (May 2020)
10-year average2.8%
Source agencyINEES
Makrognosis codeES.IPCAINFL.M.NSA

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

#EconomyPeriodLatest
1BulgariaSep 20265.6%
2ItalyOct 20265.6%
3CyprusSep 20265.2%
4SpainOct 20264.9%
5CroatiaSep 20264.3%
6IrelandOct 20264.2%
7PortugalOct 20263.9%
8SloveniaOct 20263.8%
9FranceSep 20263.4%
10NetherlandsOct 20263.3%
11LatviaOct 20263.1%
12HungarySep 20262.1%
13SwedenOct 20260.6%

National HICP inflation, y/y % as published (incl. flash/avance) by country: all 13 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 HICP 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.IPCAINFL.M.NSA.

Last updated 2026-11-10. Source: INEES. Original title: “Spain HICP inflation (INE IPCA), annual % change — includes flash/preview when published early (Tempus3 IPCA8090)”.