Monthly inflation · Spain
Spain Inflation Rate MoM Prel
The Spain Inflation Rate MoM Prel is the change in consumer prices in Spain from the previous month (or quarter).
- Importance
- Low
- Released
- Monthly
- Next release
- Currency
- EUR · euro
- Central bank
- The European Central Bank (with the Banco de España)
Latest figures
The latest release for OCT, published on 30 October 2026, came in at 0.6%, in line with the consensus of 0.6%, up from 0.3% the time before.
A result in line with the consensus usually causes little reaction: it was already priced in.
Over the last 12 releases it ranged from -0.4% to 1.0%, averaging 0.4%.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 30 Oct 2026 | OCT | 0.6% | 0.6% | 0.3% |
| 29 Sep 2026 | SEP | 0.3% | – | 0.7% |
| 28 Aug 2026 | AUG | 0.7% | 0.6% | 0.3% |
| 30 Jul 2026 | JUL | 0.2% | 0.2% | 0.6% |
| 29 Jun 2026 | JUN | 0.6% | – | 0.1% |
| 29 May 2026 | MAY | 0.1% | 0.2% | 0.4% |
| 29 Apr 2026 | APR | 0.4% | 0.6% | 1.2% |
| 27 Mar 2026 | MAR | 1% | 1.2% | 0.4% |
| 27 Feb 2026 | FEB | 0.4% | – | -0.4% |
| 30 Jan 2026 | JAN | -0.4% | -0.3% | 0.3% |
| 30 Dec 2025 | DEC | 0.3% | – | 0.2% |
| 28 Nov 2025 | NOV | 0.2% | – | 0.7% |
Why it matters
The monthly change is the freshest reading of price pressure: the yearly rate is the sum of the last twelve monthly changes, so today's monthly figure tells you where the yearly rate is heading.
How it is calculated
the National Statistics Institute (INE) prices a fixed basket of goods and services across the country and compares the index with the previous period. Seasonal patterns (sales, holidays) make raw monthly figures jumpy; some countries also publish seasonally adjusted numbers.
Monthly inflation = index(this month) ÷ index(last month) − 1
Annualised ≈ (1 + monthly)¹² − 1What changes mean
- Compare with the same month in earlier years: January and September often have seasonal jumps.
- 0.2% a month is about the 2% a year most central banks aim for.
Higher than expected: A higher figure than expected makes the European Central Bank (with the Banco de España) more likely to keep rates high or raise them: it tends to support the euro and push bond yields up, and is often a weight on stocks.
Lower than expected: A lower figure than expected gives the European Central Bank (with the Banco de España) room to cut or hold rates lower: the euro tends to soften and bond yields to fall.
A short history
Monthly price indexes date from the early 20th century; many countries began publishing them during or after the First World War to adjust wages to the cost of living.
Questions
What is the Spain Inflation Rate MoM Prel?
The Spain Inflation Rate MoM Prel is the change in consumer prices in Spain from the previous month (or quarter).
What was the latest Spain Inflation Rate MoM Prel?
0.6% for OCT, published on 30 October 2026 (consensus 0.6%, previous 0.3%).
When is the next Spain Inflation Rate MoM Prel?
On Friday 27 November 2026 at 08:00 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.