Spain Inflation Rate stands at 3.24% as of May 2026, up from 1.99% a year earlier. The reading sits in the 35th percentile of its history back to 1955.
| Latest (May 2026) | 3.24% |
| One year ago | 1.99% |
| 10-year range | -0.99% – 10.77% |
| Percentile vs. full history | 35th |
| History | 1955–2026 (855 observations) |
The chart shows the year-over-year change in Spain's consumer price index — the broadest measure of how fast prices are rising for households. Inflation running above a central bank's comfort zone (typically around 2% in developed markets, higher in emerging ones) pressures policymakers to keep rates tight; falling inflation opens the door to easing. For investors, the direction of inflation often matters more than the level: accelerating inflation compresses valuations and forces tightening, while disinflation has historically been a tailwind for both bonds and equities. Data: consumer price index via the IMF, compiled from Spain's national statistics office.
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<a href="https://www.tacticalassetallocation.com/charts/spain-inflation-rate/">Spain Inflation Rate — Cambria Chart Lab</a>
Data: download CSV (source: IMF Consumer Price Index statistics).