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Spain Annual Inflation Rate

Spain's annual inflation rate fell to 2.77% in 2024, down from 3.53% in 2023, according to World Bank. This represents a decrease of 0.76% from the previous year. Spain has annual inflation rate lower than the global median (2.77% vs median 3.16%). Compared with the median in Europe, Spain is higher (2.77% vs regional median 2.76%) and ranks 21st out of 43 countries in Europe.

Yearly Historical Data (1960-2024)

(in %)
Year Annual Inflation Rate (%)
2024 2.77%
2023 3.53%
2022 8.39%
2021 3.09%
2020 -0.32%
2019 0.7%
2018 1.67%
2017 1.96%
2016 -0.2%
2015 -0.5%
2014 -0.15%
2013 1.41%
2012 2.45%
2011 3.2%
2010 1.8%
2009 -0.29%
2008 4.08%
2007 2.79%
2006 3.52%
2005 3.37%
2004 3.04%
2003 3.04%
2002 3.07%
2001 3.59%
2000 3.43%
1999 2.31%
1998 1.83%
1997 1.97%
1996 3.56%
1995 4.67%
1994 4.72%
1993 4.57%
1992 5.92%
1991 5.93%
1990 6.72%
1989 6.79%
1988 4.84%
1987 5.25%
1986 8.79%
1985 8.81%
1984 11.28%
1983 12.17%
1982 14.42%
1981 14.55%
1980 15.56%
1979 15.66%
1978 19.77%
1977 24.54%
1976 17.62%
1975 16.95%
1974 15.68%
1973 11.42%
1972 8.27%
1971 8.24%
1970 5.73%
1969 2.16%
1968 4.95%
1967 6.39%
1966 6.24%
1965 13.21%
1964 6.98%
1963 8.74%
1962 5.71%
1961 0.81%
1960 1.18%
Spain Annual Inflation Rate : Definition
Annual Inflation Rate measures the yearly percentage increase in consumer prices in Spain.
Indicator Last Value Prior Value Period
Core Inflation Rate 2.4% 2.4% Sep'25
Inflation Rate 3% 2.7% Sep'25
Inflation Rate MoM -0.3% 0% Sep'25
Producer Price Index (PPI) 0.3% -1.5% Sep'25