Inflation Spain 2020
Average inflation: -0.3%
Current Inflation
There is deflation with consumer prices declining by 0.3%.
Peak and Trough
The highest inflation was in January at 1.1%. The lowest inflation was in May at -0.9%.
- Highest month
- January: 1.1%
- Lowest month
- May: -0.9%
- Difference
- 2.0 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 2.4%. The lowest price increase was in Transport with an average of -3.8%.
- Highest increase
- Food and non-alcoholic beverages: 2.4%
- Lowest increase
- Transport: -3.8%
Historical Context
Current inflation is 1.1% lower than the 5-year average of 0.8%.
- 5-year average
- 0.8%
- 10-year average
- 1%
- All-time high (2008)
- 4.1%
- All-time low (2015)
- -0.5%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +1.0 percentage point.
- Change vs. previous year
- -1.0 percentage points
- Largest monthly swing
- April: -2.2 percentage points
ECB Target
Inflation is 2.3% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 1.1% | +0.1 |
| February | 0.7% | -0.4 |
| March | 0.0% | -1.3 |
| April | -0.7% | -2.2 |
| May | -0.9% | -1.7 |
| June | -0.3% | -0.7 |
| July | -0.6% | -1.1 |
| August | -0.5% | -0.8 |
| September | -0.4% | -0.5 |
| October | -0.8% | -0.9 |
| November | -0.8% | -1.2 |
| December | -0.5% | -1.3 |
| Average | -0.3% |
Data source
Data from OECD. Last updated: 11/01/2026.