Inflation Spain 2008
Average inflation: 4.1%
Current Inflation
Inflation is high at 4.1%, well above the ECB target.
Peak and Trough
The highest inflation was in July at 5.3%. The lowest inflation was in December at 1.4%.
- Highest month
- July: 5.3%
- Lowest month
- December: 1.4%
- Difference
- 3.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 6.6%. The lowest price increase was in Recreation and culture with an average of -0.1%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 6.6%
- Lowest increase
- Recreation and culture: -0.1%
Historical Context
Current inflation is 0.7% higher than the 5-year average of 3.4%. This approaches the highest level since records began (4.1% in 2008).
- 5-year average
- 3.4%
- 10-year average
- 3.3%
- All-time high (2008)
- 4.1%
- All-time low (2007)
- 2.8%
Trend
Inflation has remained relatively stable. Compared to 2007, the difference is minimal (+1.3 percentage point).
- Change vs. previous year
- +1.3 percentage points
- Largest monthly swing
- July: +3.1 percentage points
ECB Target
Inflation is 2.1% 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 €104.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 4.3% | +1.9 |
| February | 4.4% | +2.0 |
| March | 4.5% | +2.0 |
| April | 4.2% | +1.8 |
| May | 4.6% | +2.3 |
| June | 5.0% | +2.6 |
| July | 5.3% | +3.1 |
| August | 4.9% | +2.7 |
| September | 4.5% | +1.8 |
| October | 3.6% | 0.0 |
| November | 2.4% | -1.7 |
| December | 1.4% | -2.8 |
| Average | 4.1% |
Data source
Data from OECD. Last updated: 11/01/2026.