Spain's core inflation—which excludes volatile components like food and energy—ticked up to a four-month high of 2.4% in August 2025, from 2.3% in the month before. Core Inflation Rate in Spain averaged 5.47 percent from 1977 until 2025, reaching an all time high of 27.10 percent in September of 1977 and a record low of -0.10 percent in April of 2010. source: National Statistics Institute (INE)
Core Inflation Rate in Spain is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Core Inflation Rate is projected to trend around 1.80 percent in 2026 and 1.70 percent in 2027, according to our econometric models.