Inflation (CPI)

🛒 Inflation (CPI)

How fast prices are rising in Spain, what is getting more expensive and how much purchasing power has been lost. The INE's Consumer Price Index (CPI) measures every month the price of a basket of goods and services that represents household spending; inflation is the rise in that index compared with the same month of the previous year. Latest figure: 08/2026.

Inflation (CPI): Spain 2.7 EU 2.5OECD 2.8France 0.9Portugal 2.3Germany 2.2Italy 1.5Morocco 0.7US 2.9 (2024)China 0.1 % per year · 2025 · World Bank (WDI) All countries →

Inflation month by month

The highest inflation since 2002 was in 07/2022 (10.8%) and the lowest in 07/2009 (-1.4%). Core inflation leaves out energy and unprocessed food, whose prices swing sharply up and down; that is why it is used to gauge the underlying trend.

How much prices have risen

The index accumulates the rises: if it stands at 127, the same products cost 27% more than in the reference year. A salary, a pension or savings that have not grown since the 2019 average buy 21.5% less today. Since 2008 prices have risen by 43.4%. How wages have evolved after inflation is shown in Wages.

What is getting more expensive

Annual rate for each spending group in 08/2026. The group rising fastest is Transporte (9.5%).

How much each group weighs in overall inflation depends on how much it rises and how much households spend on it (its weight in the 2026 basket). The biggest contributor right now is Transporte: it is up 9.5% and contributes about 1.5 of the 4.3 points of headline inflation (approximate calculation).

Cumulative rise since 2019 by group

Since the 2019 average, the biggest price rise has been in Alimentos (+40.2%) and the smallest in Comunicaciones (-1.1%). Food costs 40.2% more.

Energy prices rose by as much as 60.9% year on year in 03/2022.

⚡ Energy prices

Energy prices have been one of the keys to inflation in recent years. In 08/2026, energy is up 16.9% year on year and contributes about 1.5 of the 4.3 points of headline inflation, although it accounts for 8.9% of the basket. Wholesale electricity prices and real-time demand are in Live electricity and Electricity records.

How much more each form of energy costs

Price level of each energy product compared with headline CPI, with the 2019 average = 100. Since then headline CPI has risen by 27.3%; electricity by 36.6%, diesel by 48.2% and petrol by 30.5%.

Electricity prices rose by as much as 107.8% year on year in 03/2022. Energy's largest contribution to inflation came in 03/2022: about 5.3 points out of headline inflation of 9.8%.

Motor fuels and heating oil, in euros per litre

Average weekly pump price including all taxes, according to the European Commission's Weekly Oil Bulletin, adjusted for inflation (2025 euros). Petrol (95 octane) costs 1.85 €/l today in 2025 euros, compared with an average of €1.58 in 2019; its real-terms peak was €2.30 (06/2022). Diesel stands at €1.85 (real-terms peak of €2.26 in 06/2022).

In the latest week, petrol (95 octane) costs 1.940 €/l in Spain compared with an EU average of €2.104, and diesel €1.934 compared with €2.237 (current prices, not deflated).

Household electricity and gas, in euros per kWh

Average price per kWh paid by a household with average consumption, including all taxes (Eurostat, half-yearly): electricity for consumption of 2,500 to 5,000 kWh a year and natural gas for 20 to 199 GJ a year, adjusted for inflation (2025 euros). In 2025-S2, electricity costs 0.267 €/kWh in Spain compared with an EU average of €0.290, and gas €0.096 compared with €0.123 (current prices). The highest real price of electricity in the series in Spain was in 2022-S2 (€0.361 in 2025 euros).

All prices are deflated using the Spanish headline CPI so that the comparison between countries is not altered. Eurostat prices are half-yearly averages per kWh that include all charges on the bill (energy, networks, fixed charge) and taxes.

By region (autonomous community)

Annual inflation in each region in 08/2026 and cumulative price rise since December 2019. Prices have risen most since then in Illes Balears (+28.5%) and least in Ceuta (+24.4%). The CPI measures how much prices change in each region, not whether one region is more expensive than another.

Spain compared with the euro area

To compare countries, Eurostat's Harmonised Index of Consumer Prices (HICP) is used, with a common methodology; in Spain it differs from the CPI by a few tenths of a point. In 08/2026, Spanish harmonised inflation is 4.6% and euro-area inflation 3.2%. Since the 2019 average, prices have risen by 27.2% in Spain and by 27.4% in the euro area.

Sources: INE, Consumer Price Index base 2025: national indices by ECOICOP group (76125), special groups (76130), rates by autonomous community (76140) and weights (76156); energy: ECOICOP subclasses (76128) and weights 76159 and 76161. European Commission, Weekly Oil Bulletin (motor fuel prices including taxes). Eurostat, household prices for electricity (nrg_pc_204) and natural gas (nrg_pc_202). Eurostat, HICP (prc_hicp_minr). The contribution of each group is approximated as its weight in the basket times the group's annual change, adjusted for its price level a year earlier; the rise by region chains the published monthly rates, rounded to one decimal place.