Spain Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Spain's inflation rate was 2.36% in 2025, ranked 118th globally. This represents a 15.0% decrease from 2024. Data from World Bank, covering 1960–2025.
Overview
Spain's inflation rate stood at 2.36% in 2025, a decline of +0.42pp from 2024. The IMF projects 2.36% by 2025. Spain ranked 118th globally.
Spain's inflation rate has undergone significant fluctuations over the past six decades, ranging from a historic peak of 24.54% in 1977 during a period of global energy shocks and economic instability to a trough of -0.50% in 2015, reflecting deflationary pressures in the aftermath of the European debt crisis. The 2025 inflation rate stands at 2.36%, placing Spain 118th globally, a level closely aligned with peer economies such as Sweden at 2.31% and Malta at 2.39%. This moderate rate in 2025 suggests a stabilization following the higher volatility seen in the 1970s and early 1980s, as well as the disinflation trend that characterized much of the post-2010 era. While inflation has remained within a relatively narrow band in recent years, its trajectory remains sensitive to external factors such as energy prices and monetary policy shifts within the Eurozone. A sustained rise in wage growth or further supply chain disruptions could push inflation upward, while stronger monetary tightening by the European Central Bank might temper price increases in the near term.
Data & projection
| Year | Inflation Rate | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 2.00% | - | - |
| 2029* IMF | 2.00% | - | - |
| 2028* IMF | 2.00% | - | - |
| 2027* IMF | 2.50% | - | - |
| 2026* IMF | 2.02% | - | - |
| 2025* IMF | 2.36% | - | - |
| 2025 | 2.36% | −0.42pp | #118 |
| 2024 | 2.77% | −0.63pp | #83 |
| 2023 | 3.53% | −4.79pp | #45 |
| 2022 | 8.39% | +5.38pp | #109 |
| 2021 | 3.09% | +3.43pp | #86 |
| 2020 | -0.32% | −1.10pp | #30 |
| 2019 | 0.70% | −1.04pp | #43 |
| 2018 | 1.67% | −0.36pp | #66 |
| 2017 | 1.96% | +2.29pp | #86 |
| 2016 | -0.20% | +0.43pp | #39 |
| 2015 | -0.50% | −0.31pp | #35 |
| 2014 | -0.15% | −1.68pp | #21 |
| 2013 | 1.41% | −1.03pp | #56 |
| 2012 | 2.45% | −0.60pp | #53 |
| 2011 | 3.20% | +1.15pp | #52 |
Detected Pattern
Analysis
Spain matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw inflation rate improve within 24 months. View full analysis →
The Euro's 18-month low against the US dollar makes imports from non-Eurozone countries more expensive for Spain, a Eurozone member. This imported inflation can exert upward pressure on Spain's 2.36% inflation rate. The other headlines regarding Enel's earnings, Nasdaq futures, and generational demographics do not directly relate to Spain's current inflation dynamics.
Frequently Asked Questions
Spain's inflation rate was 2.36% in 2025. Ranked 118th globally. This represents a 15.0% decrease from the previous year.
Spain's inflation rate peaked at 24.54% in 1977.
The lowest inflation rate in Spain was -0.50% in 2015.
Spain ranks 118th globally in inflation rate as of 2025.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
Spain's inflation rate is projected to reach 2.36% by 2025 based on IMF projection.
The inflation rate of Spain in 2025 was 2.36%. This ranks 118th in the world.
Cite this page
@misc{historysaid_spain_inflation-rate,
title = {Spain Inflation Rate},
url = {https://historysaid.com/spain/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}