Europe & Central Asia
Spain Inflation
Annual percentage change in consumer prices (CPI).
Latest Value
2.8%
As of 2024
YoY Change
-21.5%
2023 → 2024
Record High
24.5%
Recorded in 1977
Record Low
-0.5%
Recorded in 2015
10-Year Average
2.1%
2015–2024
Data Range
1960–2024
65 data points
Source
World Bank
Code: FP.CPI.TOTL.ZG
Historical Trend
1960 – 2024
Analysis
Spain's inflation rate of 2.77% in 2024 is relatively low compared to historical trends, indicating a stable economic environment. This rate suggests that the country is experiencing a period of moderate price growth, which can be beneficial for consumers and businesses alike. The low inflation rate may also reflect the European Central Bank's monetary policy decisions.
Historical Data
| Value | YoY Change | Change % | |
|---|---|---|---|
| 2024 | 2.8% | 0.8% | -21.5% |
| 2023 | 3.5% | 4.9% | -57.9% |
| 2022 | 8.4% | 5.3% | +171.3% |
| 2021 | 3.1% | 3.4% | +1058.4% |
| 2020 | -0.3% | 1.0% | -146.1% |
| 2019 | 0.7% | 1.0% | -58.2% |
| 2018 | 1.7% | 0.3% | -14.4% |
| 2017 | 2.0% | 2.2% | +1065.5% |
| 2016 | -0.2% | 0.3% | +59.5% |
| 2015 | -0.5% | 0.3% | -231.1% |
Source: World Bank Open Data · 1960–2024
Neighbouring Countries Ranking
Europe & Central Asia · Inflation
Similar Rankings
Global · Inflation
