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Inflation Rate Trends and Forecast for Spain from 1990 to 2029

Inflation Rate Trends and Forecast for Spain from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for Spain from 1990 to 2029. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2029
Country: Spain
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
Spain’s inflation peaked at 7.1% in 1992 amid the European Exchange Rate Mechanism crisis. Inflation stabilized in the early 2000s but spiked again to 8.3% in 2022 due to energy price volatility. Deflationary periods, such as -0.6% in 2015, reflected weak demand during the eurozone debt crisis.

Forecasts suggest inflation will stabilize at 1.8% by 2028, reflecting Spain’s alignment with EU inflation targets and continued economic recovery.

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