Spain Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Spain inflation rate for 2023 was 3.53%, a 4.86% decline from 2022.
  • Spain inflation rate for 2022 was 8.39%, a 5.3% increase from 2021.
  • Spain inflation rate for 2021 was 3.09%, a 3.42% increase from 2020.
  • Spain inflation rate for 2020 was -0.32%, a 1.02% decline from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Hungary 17.13%
Palau 12.80%
Poland 11.53%
Czech Republic 10.66%
Slovak Republic 10.53%
Barbados 9.79%
Estonia 9.16%
Lithuania 9.12%
Latvia 8.94%
Iceland 8.74%
Sweden 8.55%
Croatia 7.94%
Austria 7.81%
Chile 7.58%
Slovenia 7.45%
United Kingdom 6.79%
Ireland 6.30%
Finland 6.25%
Germany 5.95%
Uruguay 5.87%
New Zealand 5.73%
Italy 5.62%
Australia 5.60%
Norway 5.52%
Malta 5.09%
Antigua and Barbuda 5.07%
France 4.88%
Singapore 4.82%
Trinidad and Tobago 4.63%
Portugal 4.31%
Israel 4.23%
United States 4.12%
Belgium 4.05%
Canada 3.88%
Netherlands 3.84%
Luxembourg 3.74%
Kuwait 3.64%
South Korea 3.60%
St. Kitts and Nevis 3.56%
Cyprus 3.54%
Spain 3.53%
Greece 3.46%
Denmark 3.31%
Japan 3.27%
Bahamas 3.05%
Qatar 3.03%
Saudi Arabia 2.33%
Switzerland 2.14%
Hong Kong 2.10%
Panama 1.49%
Oman 0.94%
Brunei 0.36%
Bahrain 0.07%
Seychelles -1.04%
Spain Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2023 3.53% -4.86%
2022 8.39% 5.30%
2021 3.09% 3.42%
2020 -0.32% -1.02%
2019 0.70% -0.98%
2018 1.68% -0.28%
2017 1.96% 2.16%
2016 -0.20% 0.30%
2015 -0.50% -0.35%
2014 -0.15% -1.56%
2013 1.41% -1.04%
2012 2.45% -0.75%
2011 3.20% 1.40%
2010 1.80% 2.09%
2009 -0.29% -4.36%
2008 4.08% 1.29%
2007 2.79% -0.73%
2006 3.52% 0.15%
2005 3.37% 0.33%
2004 3.04% 0.00%
2003 3.04% -0.03%
2002 3.07% -0.52%
2001 3.59% 0.16%
2000 3.43% 1.12%
1999 2.31% 0.48%
1998 1.83% -0.14%
1997 1.97% -1.59%
1996 3.56% -1.12%
1995 4.67% -0.04%
1994 4.72% 0.15%
1993 4.57% -1.36%
1992 5.92% -0.01%
1991 5.93% -0.79%
1990 6.72% -0.07%
1989 6.79% 1.95%
1988 4.84% -0.41%
1987 5.25% -3.55%
1986 8.79% -0.02%
1985 8.81% -2.47%
1984 11.28% -0.89%
1983 12.17% -2.24%
1982 14.42% -0.13%
1981 14.55% -1.01%
1980 15.56% -0.10%
1979 15.66% -4.11%
1978 19.77% -4.76%
1977 24.54% 6.91%
1976 17.62% 0.67%
1975 16.95% 1.27%
1974 15.68% 4.26%
1973 11.42% 3.14%
1972 8.27% 0.04%
1971 8.24% 2.51%
1970 5.73% 3.57%
1969 2.16% -2.79%
1968 4.95% -1.44%
1967 6.39% 0.15%
1966 6.24% -6.97%
1965 13.21% 6.23%
1964 6.98% -1.76%
1963 8.74% 3.04%
1962 5.71% 4.90%
1961 0.81% -0.37%
1960 1.18% -0.37%