Inflation Spain 2002
Average inflation: 3.1%
Current Inflation
Inflation is high at 3.1%, well above the ECB target.
Peak and Trough
The highest inflation was in November at 4.0%. The lowest inflation was in July at 2.2%.
- Highest month
- November: 4.0%
- Lowest month
- July: 2.2%
- Difference
- 1.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 5.0%. The lowest price increase was in Food and non-alcoholic beverages with an average of 5.0%.
- Highest increase
- Food and non-alcoholic beverages: 5.0%
- Lowest increase
- Food and non-alcoholic beverages: 5.0%
Historical Context
Current inflation is around the 5-year average of 3.4%. This approaches the lowest level since records began (3.1% in 2002).
- 5-year average
- 3.4%
- 10-year average
- 3.4%
- All-time high (2001)
- 3.6%
- All-time low (2002)
- 3.1%
Trend
Inflation has remained relatively stable. Compared to 2001, the difference is minimal (-0.5 percentage point).
- Change vs. previous year
- -0.5 percentage points
- Largest monthly swing
- July: -1.7 percentage points
ECB Target
Inflation is 1.1% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 2.5% | -1.2 |
| February | 2.3% | -1.5 |
| March | 2.7% | -1.2 |
| April | 3.6% | -0.4 |
| May | 3.5% | -0.7 |
| June | 3.2% | -1.0 |
| July | 2.2% | -1.7 |
| August | 2.3% | -1.4 |
| September | 2.7% | -0.7 |
| October | 3.8% | +0.8 |
| November | 4.0% | +1.3 |
| December | 4.0% | +1.3 |
| Average | 3.1% |
Data source
Data from OECD. Last updated: 17/12/2025.