Spain Inflation Rate

Last Release

Feb 28, 2025

Actual

Units In

2.9

Frequency

Monthly

Next Release

Mar 28, 2025

Time to Release

13 Days 20 Hours

Highest	Lowest	Average	Date Range	Source
28.43 Aug 1977	-1.37 Jul 2009	6.37 %	1955-2025	National Statistics Institute (INE)

In Spain, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of the total weight), transport (15 percent), housing and utilities (13 percent) and hotels, cafés and restaurants (12 percent). The index also includes: Recreation and culture (9 percent); miscellaneous goods and services (7 percent); and clothing and footwear (7 percent). Furnishings, household equipment and routine maintenance of the house; health; communications; alcoholic beverages and tobacco; and education account for the remaining 18 percent of total weight.

Latest Updates

Spain’s inflation rate rose to 3% in February 2025, its highest level since last June, marking its fifth consecutive monthly increase and confirming the preliminary estimate. The primary factor behind this increase was the cost of housing and utilities, which jumped to 9.8% from 7.9% in January, driven largely by rising electricity prices (20.7% vs 15.6%). Prices also advanced faster for other CPI items, including communications (2% vs 1.2%) and food & non-alcoholic beverages (2.2% vs 1.8%). The core rate, excluding volatile items like food and energy, was 2.2% in February, the lowest since December 2021, slightly above the earlier reading of 2.1%. Monthly, the CPI increased by 0.4%, in line with the preliminary estimate, following a 0.2% rise in January. Meanwhile, the EU-harmonized CPI rose by 2.9% year-on-year; and increased by 0.4% over a month, both in line with the earlier estimates.