Consumer prices in Spain are expected to fall 0.3 percent year-on-year in June 2020, following a 0.9 percent decrease in the previous month, a preliminary estimate showed. The harmonised index of consumer prices is seeing dropping 0.3 percent over a year earlier, after declining 0.9 percent in May. On a monthly basis, consumer prices will likely rise 0.5 percent and the harmonised index is expected to increase 0.4 percent. The prices of the products included in the COVID-19 special goods group went down 0.2 percent over a month earlier in June, while those of services edged up 1.2 percent.

Inflation Rate in Spain averaged 6.55 percent from 1955 until 2020, 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 July of 2020. source: National Statistics Institute (INE)

Inflation Rate in Spain is expected to be -0.50 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 0.40 in 12 months time. In the long-term, the Spain Inflation Rate is projected to trend around 1.40 percent in 2021 and 1.50 percent in 2022, according to our econometric models.

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Spain Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -0.90 28.43 -1.37 1955 - 2020 percent Monthly
2011=100


Calendar GMT Actual Previous Consensus TEForecast
2020-05-14 07:00 AM Inflation Rate YoY Final Apr -0.7% 0% -0.7% -0.7%
2020-05-28 07:00 AM Inflation Rate YoY Prel May -1% -0.7% -0.9% -0.8%
2020-06-12 07:00 AM Inflation Rate YoY Final May -0.9% -0.7% -1% -1%
2020-06-29 07:00 AM Inflation Rate YoY Prel Jun -0.3% -0.9% -0.5%
2020-07-14 07:00 AM Inflation Rate YoY Final Jun -0.9% -0.3% -0.3%
2020-07-30 07:00 AM Inflation Rate YoY Prel Jul
2020-08-13 07:00 AM Inflation Rate YoY Final Jul
2020-08-31 07:00 AM Inflation Rate YoY Prel Aug


News Stream
Spain Consumer Prices Fall for 3rd Month
Consumer prices in Spain are expected to fall 0.3 percent year-on-year in June 2020, following a 0.9 percent decrease in the previous month, a preliminary estimate showed. The harmonised index of consumer prices is seeing dropping 0.3 percent over a year earlier, after declining 0.9 percent in May. On a monthly basis, consumer prices will likely rise 0.5 percent and the harmonised index is expected to increase 0.4 percent. The prices of the products included in the COVID-19 special goods group went down 0.2 percent over a month earlier in June, while those of services edged up 1.2 percent.
2020-06-29
Spain Consumer Prices Fall Less than Initially Thought
Consumer prices in Spain fell 0.9 percent year-on-year in May of 2020, following a 0.7 percent drop in the previous month and compared to preliminary estimates of a 1 percent decline. Prices continued to drop for transport (-8% vs -6.8% in May); housing & utilities (-6% vs -6.6%) and recreation & culture (-0.1%, the same as in April). Also, cost eased for food & non-alcoholic beverages (3.5% vs 4%); clothing & footwear (0.9% vs 1%); communication (0.4% vs 0.7%) and education (0.8% vs 0.9%). The harmonised index of consumer prices went down 0.9 percent from a year earlier, faster than a 0.7 percent drop. On a monthly basis, consumer prices showed no growth, in line with earlier estimates. The prices of the products included in the COVID-19 special goods group services showed no growth from a month earlier in May, after increasing 1.1 percent. Also, those of services were unchanged, following a 1.5 percent decrease in April.
2020-06-12
Spain Consumer Prices Fall Faster than Expected
Consumer prices in Spain are expected to drop 1 percent year-on-year in May of 2020, following a 0.7 percent fall in the previous month and compared to market expectations of a 0.9 percent decrease. The harmonised index of consumer prices is seen declining 0.9 percent from a year earlier, faster than a 0.7 percent drop. On a monthly basis, both consumer prices and the harmonised index are expected to show no growth, in line with forecasts. The prices of the products included in the COVID-19 special goods group went up 0.1 percent over a month earlier in May, while those of services decreased 0.2 percent.
2020-05-28
Spain Consumer Prices Drop for 1st time in Over 3 Years
Consumer prices in Spain fell 0.7 percent year-on-year in April 2020, following a flat reading in the previous month in line with preliminary estimates. It was the first decline in consumer prices since August 2016. The harmonised index of consumer prices declined 0.7 percent from a year earlier, compared to earlier estimates of a 0.6 percent drop. On a monthly basis, consumer prices went up 0.3 percent, while the harmonised index increased 0.4 percent. The prices of the products included in the COVID-19 special goods group went up 1.1 percent over a month earlier in April, while those of services decreased 1.5 percent.
2020-05-14

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.