# Spain Producer Price Inflation (PPI)

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%.

- Source agency: INEES
- Makrognosis code: `ES.PPI.M.NSA`
- Frequency: monthly
- Units: Index 2021=100
- Coverage: 2011-01-01 to 2026-09-01 (189 observations)
- Page: https://makrognosis.robomacro.com/data/spain/producer-price-inflation-ppi

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| September 2026 | 147.5 | 18.3 |
| August 2026 | 141.9 | 13.2 |
| July 2026 | 137.8 | 9.3 |
| June 2026 | 133.7 | 7.0 |
| May 2026 | 133.6 | 10.5 |
| April 2026 | 132.3 | 8.6 |
| March 2026 | 129.7 | 3.1 |
| February 2026 | 122.1 | −6.9 |
| January 2026 | 125.9 | −2.8 |
| December 2025 | 125.2 | −3.0 |
| November 2025 | 124.8 | −2.5 |
| October 2025 | 125.3 | 0.8 |
| September 2025 | 124.7 | 0.2 |
| August 2025 | 125.3 | −1.6 |
| July 2025 | 126.0 | 0.4 |
| June 2025 | 124.9 | 1.0 |
| May 2025 | 120.9 | −0.08 |
| April 2025 | 121.9 | 1.6 |
| March 2025 | 125.8 | 4.6 |
| February 2025 | 131.2 | 6.7 |
| January 2025 | 129.6 | 2.6 |
| December 2024 | 129.1 | 2.3 |
| November 2024 | 127.9 | 1.2 |
| October 2024 | 124.3 | −3.8 |

## API

```
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"]
```