Consumer prices in Spain are expected to increase 0.6 percent year-on-year in January of 2021, rebounding from a 0.5 percent drop in the previous month, a preliminary estimate showed. It is the first gain in consumer prices since February 2020. The harmonised index of consumer prices is seen rising 0.6 percent over a year ago, compared with a 0.6 percent decrease in December. On a monthly basis, consumer prices are likely to edge up 0.1 percent while the harmonised index should decrease 0.3 percent. source: National Statistics Institute (INE)
Inflation Rate in Spain averaged 6.49 percent from 1955 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Inflation Rate in Spain is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Spain to stand at 1.40 in 12 months time. In the long-term, the Spain Inflation Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.