Spain inflation rate for 2023 was 3.53%, a 4.86% decline from 2022.
Spain inflation rate for 2022 was 8.39%, a 5.3% increase from 2021.
Spain inflation rate for 2021 was 3.09%, a 3.42% increase from 2020.
Spain inflation rate for 2020 was -0.32%, a 1.02% decline from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.