Spain Inflation Rate

Last Release

Jan 31, 2025

Actual

Units In

2.8

Frequency

Monthly

Next Release

Feb 27, 2025

Time to Release

26 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
28.43 Aug 1977	-1.37 Jul 2009	6.38 %	1955-2025	National Statistics Institute (INE)

In Spain, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of the total weight), transport (15 percent), housing and utilities (13 percent) and hotels, cafés and restaurants (12 percent). The index also includes: Recreation and culture (9 percent); miscellaneous goods and services (7 percent); and clothing and footwear (7 percent). Furnishings, household equipment and routine maintenance of the house; health; communications; alcoholic beverages and tobacco; and education account for the remaining 18 percent of total weight.

Latest Updates

Spain's annual inflation rate rose for the fourth straight month to 3% in January 2025, marking its highest level since last June and exceeding market estimates of 2.9%, preliminary estimates showed. The continued acceleration in inflation was primarily driven by rising fuel prices, in stark contrast to their decline in January 2024. Additionally, though to a lesser extent, higher electricity costs contributed, increasing more than in the same period last year. Meanwhile, leisure and culture had a weaker influence, with prices falling more significantly than in January 2024. The core rate, excluding volatile items like food and energy, slowed to 2.4%, down from a four-month high of 2.6% in December. Monthly, the CPI increased by 0.2%, following a 0.5% rise in December and slightly above market estimates of no change. Meanwhile, the EU-harmonized CPI rose by 2.9% year-on-year, above forecasts of 2.8%; and fell by 0.1% over a month, compared with estimates of a 0.3% drop.