Makrognosis

Spain Producer Price Inflation (PPI)

MonthlyNot seasonally adjustedCode ES.PPI.M.NSA

Latest (y/y)18.3%September 2026
Previous (y/y)13.2%August 2026
Level147.5September 2026

Spain Producer Price Inflation (PPI) was up 18.3% year on year in September 2026, compared with 13.2% in August 2026.

The level stood at 147.5 (Index 2021=100).

That is the highest reading since November 2022.

Among the 41 economies Makrognosis covers on this measure, it is the 7th highest.

Over the past ten years it has ranged from −9.9% (Aug 2023) to 47.0% (Mar 2022), averaging 5.4%.

Spain Producer Price Inflation (PPI), annual % change, Jan 2012 – Sep 2026−20%0%20%40%20122014201620182020202220242026Robomacro
Spain Producer Price Inflation (PPI), annual % change, Jan 2012 – Sep 2026. Source: INEES.
Spain Producer Price Inflation (PPI), level (Index 2021=100)8010012014020122014201620182020202220242026Robomacro
Spain Producer Price Inflation (PPI), level (Index 2021=100).

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

Recent data

PeriodValueY/Y %
September 2026147.518.3
August 2026141.913.2
July 2026137.89.3
June 2026133.77.0
May 2026133.610.5
April 2026132.38.6
March 2026129.73.1
February 2026122.1−6.9
January 2026125.9−2.8
December 2025125.2−3.0
November 2025124.8−2.5
October 2025125.30.8
September 2025124.70.2
August 2025125.3−1.6
July 2025126.00.4
June 2025124.91.0
May 2025120.9−0.08
April 2025121.91.6
March 2025125.84.6
February 2025131.26.7
January 2025129.62.6
December 2024129.12.3
November 2024127.91.2
October 2024124.3−3.8

Last 24 observations. The full history (189 observations) is available through the API.

Get Spain Producer Price Inflation (PPI) 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.PPI.M.NSA"

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

About this series

Latest observationSeptember 2026
First observationJanuary 2011
Observations189
FrequencyMonthly
UnitsIndex 2021=100
AdjustmentNot seasonally adjusted
10-year high47.0% (Mar 2022)
10-year low−9.9% (Aug 2023)
10-year average5.4%
Source agencyINEES
Makrognosis codeES.PPI.M.NSA

Producer Price Inflation (PPI): how Spain compares

#EconomyPeriodLatest
1NorwayOct 202659.0%
2SingaporeSep 202647.5%
3TurkeyOct 202627.4%
4LithuaniaOct 202620.0%
5IrelandSep 202619.9%
6ItalySep 202619.4%
7SpainSep 202618.3%
8BulgariaSep 202617.0%
9RomaniaSep 202614.8%
10CanadaSep 202614.5%
11GreeceSep 202613.2%
12BelgiumSep 202612.9%
13MalaysiaSep 202612.0%

Producer Price Inflation (PPI) by country: all 41 economies ranked →

More Spain Producer Price Inflation (PPI) series

Spain Producer Prices in Industry, Domestic Market - Electricity, gas, steam and air conditioning supply (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - MIG - capital goods (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - MIG - consumer goods (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - MIG - energy (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - MIG - intermediate goods (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - Manufacture of basic metals (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - Manufacture of basic pharmaceutical products and preparations (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - Manufacture of beverages (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - Manufacture of chemicals and chemical products (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - Manufacture of coke and refined petroleum products (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - Manufacture of computer, electronic and optical products (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - Manufacture of electrical equipment (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - Manufacture of fabricated metal products, except machinery and equipment (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - Manufacture of food products (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - Manufacture of furniture (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - Manufacture of leather and related products (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - Manufacture of machinery and equipment n.e.c. (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - Manufacture of motor vehicles, trailers and semi-trailers (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - Manufacture of other non-metallic mineral products (Index, 2021=100)Spain Producer Prices in Industry, Domestic Market - Manufacture of other transport equipment (Index, 2021=100)

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 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 producer Price Inflation (PPI) in Spain?
The latest reading is 18.3% year on year for September 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.PPI.M.NSA.

Last updated 2026-11-10. Source: INEES. Original title: “Spain producer price index, domestic market, industry total (INE Tempus3 IPR34522; Eurostat sts_inppd B-D twin demoted; ~0.5pt level drift is coverage)”.