Spain Inflation Rate — 2026 CPI Data, Trend & Outlook
Spain's inflation rate was 4.28% in August 2026, up from 3.58% the previous month. A year earlier it stood at 2.69%.
Spain's inflation rate stands at 4.28% as of August 2026. Over the latest readings, the inflation rate has moved within a band of -1.05% to 10.77%. The most recent figure of 4.28% is up from 3.58% a month earlier, and is 1.58% higher than a year ago.
The trend
Among the 193 economies tracked on this platform, Spain ranks #56 on inflation rate by latest value. It rose from 3.58% in the previous month, and compares with a year-earlier 2.69%.
What's driving it
Inflation is shaped by energy and food prices, the exchange rate, wage growth and the stance of monetary policy; central banks lift interest rates to cool it and ease when it falls back toward target.
Recent readings
| Period | Inflation rate |
|---|---|
| Aug 2026 | 4.28% |
| Jul 2026 | 3.58% |
| Jun 2026 | 3.20% |
| May 2026 | 3.25% |
| Apr 2026 | 3.25% |
| Mar 2026 | 3.45% |
| Feb 2026 | 2.32% |
| Jan 2026 | 2.29% |
Data: Source: OECD (terms permit extract/distribute, incl. commercial, with citation). Figures carry an effective date; confirm with the source before relying on them.
Frequently asked questions
What Is the Inflation Rate in Spain Right Now (2026)?
Spain's inflation rate was 4.28% in August 2026, up from 3.58% the previous month. A year earlier it stood at 2.69%.
Is the inflation rate rising or falling in Spain?
It rose in the latest reading — 4.28% in August 2026 versus 3.58% a month earlier. Year on year it is higher.
What is inflation rate?
It measures how fast consumer prices are rising, measured by the consumer price index (CPI).