Cost of food in Spain increased 1.70 percent in December of 2019 over the same month in the previous year. Food Inflation in Spain averaged 2.13 percent from 2003 until 2019, reaching an all time high of 7.20 percent in June of 2008 and a record low of -2.75 percent in February of 2010. source: National Statistics Institute (INE)
Food Inflation in Spain is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Spain to stand at 1.40 in 12 months time. In the long-term, the Spain Food Inflation is projected to trend around 1.80 percent in 2020, according to our econometric models.