Spain Inflation Rate — 2026 CPI Data, Trend & Outlook
Spain's inflation rate was 3.25% in May 2026, little changed from 3.25% the previous month. A year earlier it stood at 1.99%.
Spain's inflation rate stands at 3.25% as of May 2026. Over the latest readings, the inflation rate has moved within a band of -1.05% to 10.77%. The most recent figure of 3.25% is little changed from 3.25% a month earlier, and is 1.26% higher than a year ago.
The trend
Among the 193 economies tracked on this platform, Spain ranks #100 on inflation rate by latest value. It was little changed from 3.25% in the previous month, and compares with a year-earlier 1.99%.
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 |
|---|---|
| May 2026 | 3.25% |
| Apr 2026 | 3.25% |
| Mar 2026 | 3.45% |
| Feb 2026 | 2.32% |
| Jan 2026 | 2.29% |
| Dec 2025 | 2.92% |
| Nov 2025 | 3.04% |
| Oct 2025 | 3.09% |
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 3.25% in May 2026, little changed from 3.25% the previous month. A year earlier it stood at 1.99%.
Is the inflation rate rising or falling in Spain?
It was little changed in the latest reading — 3.25% in May 2026 versus 3.25% 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).