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.
Forecasts suggest inflation will stabilize at 1.8% by 2028, reflecting Spain’s alignment with EU inflation targets and continued economic recovery.
Discover additional trends and data on Spain’s export value, Spain’s net lending/borrowing balance as a percentage of GDP, Spain’s government debt to GDP ratio.
