Inflation Spain 2018
Average inflation: 1.7%
Current Inflation
Inflation is low at 1.7%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in June at 2.3%. The lowest inflation was in January at 0.6%.
- Highest month
- June: 2.3%
- Lowest month
- January: 0.6%
- Difference
- 1.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Transport with an average of 3.6%. The lowest price increase was in Recreation and culture with an average of -0.2%.
- Highest increase
- Transport: 3.6%
- Lowest increase
- Recreation and culture: -0.2%
Historical Context
Current inflation is 1.1% higher than the 5-year average of 0.6%.
- 5-year average
- 0.6%
- 10-year average
- 1.1%
- All-time high (2008)
- 4.1%
- All-time low (2015)
- -0.5%
Trend
Inflation shows an upward trend. Compared to 2017, inflation has risen by -0.3 percentage point.
- Change vs. previous year
- -0.3 percentage points
- Largest monthly swing
- January: -2.4 percentage points
ECB Target
Inflation is 0.3% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 0.6% | -2.4 |
| February | 1.1% | -1.9 |
| March | 1.2% | -1.1 |
| April | 1.1% | -1.5 |
| May | 2.1% | +0.2 |
| June | 2.3% | +0.8 |
| July | 2.2% | +0.7 |
| August | 2.2% | +0.6 |
| September | 2.3% | +0.5 |
| October | 2.3% | +0.7 |
| November | 1.7% | 0.0 |
| December | 1.2% | +0.1 |
| Average | 1.7% |
Data source
Data from OECD. Last updated: 11/01/2026.