Inflation Rate (CPI): Spain
Spain's inflation rate (cpi) is currently 2.0% as of 2026. # Spain Inflation Rate (CPI) Spain's inflation rate stood at 2% in 2026, representing a substantial decline from its all-time peak of 15.
Current (2026)
2.0%
-16.7% y/y
Peak (1980)
15.6%
Low (2015)
-0.6%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Inflation Rate (CPI) — Spain
1980 — 2026
Inflation Rate (CPI) — Spain
Analysis# Spain Inflation Rate (CPI)
Spain's inflation rate stood at 2% in 2026, representing a substantial decline from its all-time peak of 15.6% in 1980. The country has experienced a total decrease of 87.2% over the past 46 years, moving from double-digit inflation to moderate price growth. The lowest point occurred in 2015 at -0.6%, reflecting deflationary pressures during the post-crisis recovery period.
The most significant recent disruption came in 2022, when inflation surged to 8.3% due to energy shocks and supply chain disruptions—the highest level in over four decades. Spain's inflation has since moderated substantially, declining through 2023 (3.4%) and into 2024-2026 (2.9%, 2.4%, and 2% respectively). The current trajectory suggests stabilization near the 2% target, aligning with long-term price stability objectives.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 2.0% | +0.00% |
| 2029 | 2.0% | +0.00% |
| 2028 | 2.0% | -20.00% |
| 2027 | 2.5% | +25.00% |
| 2026 | 2.0% | -16.67% |
| 2025 | 2.4% | -17.24% |
| 2024 | 2.9% | -14.71% |
| 2023 | 3.4% | -59.04% |
| 2022 | 8.3% | +176.67% |
| 2021 | 3.0% | +1100.00% |
| 2020 | -0.3% | -137.50% |
| 2019 | 0.8% | -52.94% |
| 2018 | 1.7% | -15.00% |
| 2017 | 2.0% | +766.67% |
| 2016 | -0.3% | +50.00% |
| 2015 | -0.6% | -200.00% |
| 2014 | -0.2% | -113.33% |
| 2013 | 1.5% | -37.50% |
| 2012 | 2.4% | -20.00% |
| 2011 | 3.0% | +50.00% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 2.0% | +1100.00% |
| 2009 | -0.2% | -104.88% |
| 2008 | 4.1% | +46.43% |
| 2007 | 2.8% | -22.22% |
| 2006 | 3.6% | +5.88% |
| 2005 | 3.4% | +9.68% |
| 2004 | 3.1% | +0.00% |
| 2003 | 3.1% | -13.89% |
| 2002 | 3.6% | +28.57% |
| 2001 | 2.8% | -20.00% |
| 2000 | 3.5% | +59.09% |
| 1999 | 2.2% | +22.22% |
| 1998 | 1.8% | -5.26% |
| 1997 | 1.9% | -47.22% |
| 1996 | 3.6% | -23.40% |
| 1995 | 4.7% | +0.00% |
| 1994 | 4.7% | +2.17% |
| 1993 | 4.6% | -35.21% |
| 1992 | 7.1% | +20.34% |
| 1991 | 5.9% | -11.94% |
| 1990 | 6.7% | -1.47% |
| 1989 | 6.8% | +41.67% |
| 1988 | 4.8% | -7.69% |
| 1987 | 5.2% | -40.91% |
| 1986 | 8.8% | +0.00% |
| 1985 | 8.8% | -22.12% |
| 1984 | 11.3% | -7.38% |
| 1983 | 12.2% | -15.28% |
| 1982 | 14.4% | -0.69% |
| 1981 | 14.5% | -7.05% |
| 1980 | 15.6% | — |
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