Spain Inflation Rate stands at 3.58% as of July 2026, up from 2.69% a year earlier. The reading sits in the 40th percentile of its history back to 1955.
| Latest (July 2026) | 3.58% |
| One year ago | 2.69% |
| 10-year range | -0.92% – 10.77% |
| All-time range | -1.37% (2009) – 28.43% (1977) |
| Change over 12 months | +0.9 pts — bottomed at 2.29% in 2026 |
| Percentile vs. full history | 40th |
| History | 1955–2026 (857 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).