Inflation in Spain
Inflation in Spain was 4.9% in September 2026, according to INE.
So far this year (January–September 2026), prices are 3.4% higher than in the same months of 2025. For 2025 as a whole, inflation was 2.7%.
Over the ten years from 2015 to 2025, prices rose by 26.8% in total, an average of 2.4% a year.
Inflation in Spain by year
Annual inflation is the change in the average price level from the year before. The last column shows what €100 in each year is worth in 2025.
| Year | Inflation | €100 is worth in 2025 |
|---|---|---|
| 2026 (Jan–Sept) | 3.4% | – |
| 2025 | 2.7% | €100 |
| 2024 | 2.8% | €103 |
| 2023 | 3.5% | €106 |
| 2022 | 8.4% | €109 |
| 2021 | 3.1% | €118 |
| 2020 | -0.3% | €122 |
| 2019 | 0.7% | €122 |
| 2018 | 1.7% | €123 |
| 2017 | 2.0% | €125 |
| 2016 | -0.2% | €127 |
| 2015 | -0.5% | €127 |
| 2014 | -0.2% | €126 |
| 2013 | 1.4% | €126 |
| 2012 | 2.4% | €128 |
| 2011 | 3.2% | €131 |
| 2010 | 1.8% | €135 |
| 2009 | -0.3% | €137 |
| 2008 | 4.1% | €137 |
| 2007 | 2.8% | €143 |
| 2006 | 3.5% | €147 |
Show every year back to 1956
| 2005 | 3.4% | €152 |
| 2004 | 3.0% | €157 |
| 2003 | 3.0% | €162 |
| 2002 | 3.5% | €167 |
| 2001 | 3.6% | €172 |
| 2000 | 3.4% | €179 |
| 1999 | 2.3% | €185 |
| 1998 | 1.8% | €189 |
| 1997 | 2.0% | €193 |
| 1996 | 3.6% | €196 |
| 1995 | 4.7% | €203 |
| 1994 | 4.7% | €213 |
| 1993 | 4.6% | €223 |
| 1992 | 5.9% | €233 |
| 1991 | 5.9% | €247 |
| 1990 | 6.7% | €261 |
| 1989 | 6.8% | €279 |
| 1988 | 4.8% | €298 |
| 1987 | 5.2% | €312 |
| 1986 | 8.8% | €329 |
| 1985 | 8.8% | €358 |
| 1984 | 11.3% | €389 |
| 1983 | 12.2% | €433 |
| 1982 | 14.4% | €486 |
| 1981 | 14.5% | €556 |
| 1980 | 15.6% | €637 |
| 1979 | 15.7% | €736 |
| 1978 | 19.8% | €851 |
| 1977 | 24.5% | €1,019 |
| 1976 | 17.6% | €1,270 |
| 1975 | 17.0% | €1,493 |
| 1974 | 15.7% | €1,747 |
| 1973 | 11.4% | €2,020 |
| 1972 | 8.3% | €2,251 |
| 1971 | 8.2% | €2,437 |
| 1970 | 5.7% | €2,638 |
| 1969 | 2.2% | €2,789 |
| 1968 | 5.0% | €2,849 |
| 1967 | 6.4% | €2,991 |
| 1966 | 6.2% | €3,182 |
| 1965 | 13.2% | €3,380 |
| 1964 | 7.0% | €3,827 |
| 1963 | 8.7% | €4,094 |
| 1962 | 5.7% | €4,452 |
| 1961 | 0.8% | €4,706 |
| 1960 | 1.2% | €4,744 |
| 1959 | 7.3% | €4,800 |
| 1958 | 13.4% | €5,151 |
| 1957 | 10.8% | €5,840 |
| 1956 | 5.9% | €6,469 |
Highest and lowest inflation
The highest annual inflation since 1956 was 24.5% in 1977. The largest fall in prices was 0.5% in 2015. Prices last fell in 2020, by 0.3%.
About the figures
INE's consumer price index (IPC) from 1955, with its older base years linked together. The figures are annual averages of the consumer price index from INE, and are updated automatically when new figures are published.
Amounts from before 2002 are in euro, converted from Spanish pesetas at the fixed rate of €1 = 166.386 Spanish pesetas.
Source: INE
Inflation in other countries
| Country | Latest month | This year so far | Latest year | 10-year average |
|---|---|---|---|---|
| 3.6% (Sept 2026) | 3.1% | 3.5% (2025) | 3.3% | |
| 5.3% (Oct 2026) | 3.3% | 2.5% (2025) | 3.0% | |
| 2.2% (Sept 2026) | 1.5% | 1.9% (2025) | 1.9% | |
| 3.8% (Sept 2026) | 2.8% | 2.1% (2025) | 2.6% | |
| 3.4% (Oct 2026) | 2.0% | 0.9% (2025) | 1.9% | |
| 3.3% (Sept 2026) | 2.6% | 2.2% (2025) | 2.6% | |
| 4.1% (Sept 2026) | 3.4% | 2.2% (2025) | 2.2% | |
| 5.4% (Oct 2026) | 2.9% | 1.5% (2025) | 2.1% | |
| 3.4% (Sept 2026) | 3.0% | 3.3% (2025) | 3.0% | |
| 3.4% (Sept 2026) | 3.2% | 3.0% (2025) | 3.3% | |
| 4.0% (Sept 2026) | 2.9% | 3.6% (2025) | 4.6% | |
| 1.1% (Sept 2026) | 0.5% | 0.7% (2025) | 2.9% | |
| 3.4% (Sept 2026) | 3.0% | 3.4% (2025) | 3.3% | |
| 3.7% (Sept 2026) | 3.4% | 2.6% (2025) | 3.1% |