Inflation rate in Spain 2017-2024, y-o-y by month
The consumer price index in March 2024 increased by over three percent compared to the same month of the previous year. This was a decrease since the second quarter of 2022 when inflation the index increased by almost 11 percent (July 2022). The consumer price index started rising in early 2021 - an increase which was due primarily to the skyrocketing power prices.