Updated monthly from INE

Spanish Inflation (IPC)

Track the Consumer Price Index (IPC) from Spain's National Statistics Institute. See how inflation affects your cost of living.

IPC Year-on-Year

February 2026

2.8%

Prices are higher than the same month last year

Inflation by Category

Food & Drinks

3.2%

Year-on-year change

Housing

4.1%

Year-on-year change

Transport

1.9%

Year-on-year change

Historical data is being collected. Check back soon for charts.

What is IPC?

The IPC (Índice de Precios al Consumo) is Spain's Consumer Price Index, measuring the average change in prices paid by consumers for a basket of goods and services over time.

When IPC is positive, it means prices have risen compared to the same period last year—your money buys less. When it's negative (deflation), prices have fallen.

How It Affects You

  • Rent reviews: Many Spanish rental contracts tie annual rent increases to IPC
  • Salary negotiations: Workers often reference IPC when discussing pay rises
  • Pensions: Spanish state pensions are typically adjusted by IPC
  • Savings: If inflation exceeds your savings interest rate, you're losing purchasing power

About INE Data

IPC data is published monthly by Spain's National Statistics Institute (INE). Figures are typically released around the 13th of each month for the previous month.

View INE data

ECB Inflation Target

2%
The European Central Bank aims to keep Eurozone inflation at 2% over the medium term.
Spanish inflation is currently 0.8 percentage points above target.

Protecting Against Inflation

  • Compare electricity and insurance providers regularly
  • Consider fixing mortgage rates if Euribor is low
  • Shop at discount supermarkets and local markets
  • Negotiate salary increases at least matching IPC
  • Keep savings in accounts that beat inflation
Madrid