The annual inflation rate in Spain stood at 2.3 percent in October 2018, unchanged from the previous month, matching an earlier estimate and market expectations. Slower prices for housing offset rising cost of transport. Also, inflation was steady for food. Inflation Rate in Spain averaged 6.71 percent from 1955 until 2018, reaching an all time high of 28.43 percent in August of 1977 and a record low of -1.37 percent in July of 2009.

Spain Inflation Rate
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Spain October Annual Inflation Rate Confirmed at 2.3%


The annual inflation rate in Spain stood at 2.3 percent in October 2018, unchanged from the previous month, matching an earlier estimate and market expectations. Slower prices for housing offset rising cost of transport. Also, inflation was steady for food.

Year-on-year, inflation eased mainly for housing (4.0 percent vs 5.3 percent in September), as a slowdown in prices for electricity (3.8 percent vs 13.7 percent) offset higher cost of gas (10.8 percent vs 7.4 percent. Meantime, inflation remained steady for food & non-alcoholic beverages (1.7 percent), restaurants & hotels (1.9 percent) and clothing & footwear (1.0 percent). In contrast, prices rose faster for transport (5.7 percent vs 5.0 percent), mainly fuels and lubricants (13.2 percent vs 12.3 percent); miscellaneous goods & services (1.1 percent vs 1.0 percent) and health (0.4 percent vs 0.1 percent).

Annual core inflation, which excludes volatile items such as food and energy, went up to 1.0 percent in October from 0.8 percent in September.

On a monthly basis, consumer prices increased 0.9 percent from 0.2 percent in September, well above the preliminary estimate of 0.2 percent and matching market consensus. Main positive contributions came from cost of fruits (7.0 percent), vegetables (3.3 percent), fuels and lubricants (1.5 percent) and clothing (12.7 percent).

The harmonized index of consumer prices advanced 2.3 percent year-on-year (vs 2.3 percent in September), and by 0.7 percent from the previous month (vs 0.6 percent in September).


INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
11/14/2018 10:48:20 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-10-11 07:00 AM Inflation Rate YoY Final 2.3% 2.2% 2.2% 2.2%
2018-10-30 08:00 AM Inflation Rate YoY Prel 2.3% 2.3% 2.3% 2.5%
2018-11-14 08:00 AM Inflation Rate YoY Final 2.3% 2.3% 2.3% 2.3%
2018-11-29 08:00 AM Inflation Rate YoY Prel 2.3% 2.2%
2018-12-14 08:00 AM Inflation Rate YoY Final
2018-12-28 08:00 AM Inflation Rate YoY Prel 2.1%


Spain Prices Last Previous Highest Lowest Unit
Inflation Rate 2.30 2.30 28.43 -1.37 percent [+]
Inflation Rate Mom 0.90 0.20 4.58 -1.90 percent [+]
Harmonised Consumer Prices 104.77 104.06 104.77 53.60 Index Points [+]
Consumer Price Index CPI 104.99 104.03 104.99 1.83 Index Points [+]
Core Consumer Prices 102.63 101.85 102.63 9.42 Index Points [+]
Core Inflation Rate 1.00 0.80 27.10 -0.10 percent [+]
Producer Prices 106.20 105.40 106.20 12.60 Index Points [+]
Producer Prices Change 5.20 5.10 24.60 -6.70 percent [+]
Export Prices 111.30 112.80 113.40 13.70 Index Points [+]
Import Prices 111.80 112.20 116.80 12.20 Index Points [+]
Food Inflation 1.70 1.70 7.20 -2.75 percent [+]
CPI Housing Utilities 108.68 108.57 108.68 66.03 Index Points [+]
CPI Transportation 110.26 109.55 110.76 71.87 Index Points [+]


Spain Inflation Rate

In Spain, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of the total weight), transport (15 percent), housing and utilities (13 percent) and hotels, cafés and restaurants (12 percent). The index also includes: Recreation and culture (9 percent); miscellaneous goods and services (7 percent); and clothing and footwear (7 percent). Furnishings, household equipment and routine maintenance of the house; health; communications; alcoholic beverages and tobacco; and education account for the remaining 18 percent of total weight. This page provides the latest reported value for - Spain Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Inflation Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.30 28.43 -1.37 1955 - 2018 percent Monthly
2011=100




Country Last
Argentina 45.50 Oct/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.20 Sep/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 4.90 Sep/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Oct/18
United States 2.50 Oct/18


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