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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain Inflation Rate YoY held to 3.2% in May 2026
FMPMonthlyReleased June 2026
Spain Inflation Rate YoY held to 3.2% in May 2026, released June 2026. The reading matched expectations. The print is running well above the 12-month average of 2.87%. Over the past 3 months, Inflation Rate YoY averaged 3.26%, vs 2.52% in the prior 3-month window. The reading is in the 89th percentile of the trailing 24-month range.
Latest Release
3.2
Actual
3.2
Consensus
3.2
Previous
Median Absolute Error
±0.09 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 3.1
Actual: 3.2
Error: -0.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Inflation Rate YoY (Spain) was reported at 3.2% in June 2026. This matched the market consensus of 3.2% exactly. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 2.79%, ranging from 2.2% to 3.3% across 22 releases.
WHY IT MATTERS
The trailing three releases averaged 3.2%, up from the prior three at 2.63%. Volatility over the past year (σ 0.34%) is lower than the prior year (σ 0.53%). In June readings over the past 3 years, Inflation Rate YoY has averaged 2.72%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.09%.
WHAT TO WATCH NEXT
The next release is scheduled for June 29, 2026. Same-country events in the next 14 days include Balance of Trade (Jun 23) and Gross Domestic Product QoQ (Jun 25).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Inflation Rate YoY - ES
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About Inflation Rate YoY — Spain
DEFINITION
The Inflation Rate YoY (Year-over-Year) is a financial indicator that measures the percentage change in the overall price level of goods and services over a 12-month period. It is a key measure of inflation and is used by economists and policymakers to monitor the health of an economy and make informed decisions regarding monetary policy. A higher inflation rate can indicate a growing economy, but if it rises too quickly, it can lead to negative effects such as decreased purchasing power and higher interest rates. Conversely, a lower inflation rate can signal a slowing economy, but if it falls too low, it can lead to deflation and potential economic instability. The Inflation Rate YoY is an important tool for understanding and managing the impact of price changes on the economy.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 3.2 %, consensus 3.2 %. Prior reading (May 2026): 3.2 %. Before that (Apr 2026): 3.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.42) — a useful reference for index-focused traders.