Spain Inflation Rate

The annual inflation rate in Spain fell to 1.2 percent in December of 2018 from 1.7 percent in the previous month matching a preliminary estimate and market expectations. It remained the lowest inflation rate since April, mostly due to a slowdown in cost of transport and food and non-alcoholic beverages. Inflation Rate in Spain averaged 6.70 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.

Inflation Rate in Spain is expected to be 1.80 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 2.10 in 12 months time. In the long-term, the Spain Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-11-29	08:00 AM	Inflation Rate YoY Prel	1.7%	2.3%	2%	2.2%
2018-12-14	08:00 AM	Inflation Rate YoY Final	1.7%	2.3%	1.7%	1.7%
2018-12-28	08:00 AM	Inflation Rate YoY Prel	1.2%	1.7%	1.2%	1.8%
2019-01-15	08:00 AM	Inflation Rate YoY Final	1.2%	1.7%	1.2%	1.2%
2019-01-31	08:00 AM	Inflation Rate YoY Prel		1.2%
2019-02-15	08:00 AM	Inflation Rate YoY Final		1.2%
2019-02-28	08:00 AM	Inflation Rate YoY Prel

Spain Annual Inflation Rate Confirmed at 1.2% in December

The annual inflation rate in Spain fell to 1.2 percent in December of 2018 from 1.7 percent in the previous month matching a preliminary estimate and market expectations. It remained the lowest inflation rate since April, mostly due to a slowdown in cost of transport and food and non-alcoholic beverages.

Prices eased for food & non-alcoholic beverages (1.3 percent from 1.4 percent in November); transport (0.2 percent from 3.3 percent); housing & utilities (2.5 percent from 2.8 percent); restaurants & hotels (1.8 percent from 2.1 percent) and miscellaneous goods and services (1.1 percent from 1.2 percent). On the other hand, cost of recreation & culture declined at a softer pace (-0.1 percent from -0.5 percent) while inflation was steady for clothing & footwear (0.9 percent, the same as in November).

Annual core inflation, which excludes volatile items such as food and energy, was at 0.9 percent in December, unchanged from the prior month.

On a monthly basis, consumer prices went down 0.4 percent in December, after decreasing 0.1 percent in November and in line with earlier estimates and market consensus.

The harmonized index of consumer prices advanced 1.2 percent year-on-year (from 1.7 percent in November), and declined 0.5 percent from the previous month. (from -0.2 percent in November).

INE |Stefanie Moya | stefanie.moya@tradingeconomics.com
1/15/2019 8:22:37 AM

News

Spain Inflation Rate at 8-Month Low of 1.2% in December
The annual inflation rate in Spain is expected to decrease to 1.2 percent in December of 2018 from 1.7 percent in the previous month and below market expectations of 1.5 percent, preliminary estimates showed. It was the lowest inflation rate since April, mainly due to lower prices of fuels.
Published on 2018-12-28

Spanish November Inflation Rate Confirmed at 7-Month Low
Spain's annual inflation slowed to 1.7 percent in November 2018 from 2.3 percent in the previous month and in line with the preliminary estimate. This was the lowest rate since April.
Published on 2018-12-14

Spanish Inflation Rate Drops to 1.7% in November
The annual inflation rate in Spain is expected to decline to 1.7 percent in November of 2018, easing from a 2.3 percent rise in the previous month and below market expectations of a 2 percent gain, the preliminary estimates showed. It was the lowest inflation since April, due to lower prices of eletricity and gas.
Published on 2018-11-29

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.
Published on 2018-11-14

Spain Prices	Last	Previous	Highest	Lowest	Unit
Inflation Rate	1.20	1.70	28.43	-1.37	percent	[+]
Inflation Rate Mom	-0.40	-0.10	4.58	-1.90	percent	[+]
Consumer Price Index CPI	104.41	104.88	104.99	1.83	Index Points	[+]
Harmonised Consumer Prices	104.00	104.52	104.77	53.60	Index Points	[+]
Core Consumer Prices	102.93	102.88	102.93	9.42	Index Points	[+]
Core Inflation Rate	0.90	0.90	27.10	-0.10	percent	[+]
Producer Prices	105.20	106.20	106.20	12.60	Index Points	[+]
Producer Prices Change	3.00	4.60	24.60	-6.70	percent	[+]
Export Prices	114.40	114.10	114.40	13.70	Index Points	[+]
Import Prices	114.20	113.80	116.80	12.20	Index Points	[+]
Food Inflation	1.30	1.40	7.20	-2.75	percent	[+]
CPI Housing Utilities	108.27	108.42	108.68	66.03	Index Points	[+]
CPI Transportation	105.68	108.74	110.76	71.87	Index Points	[+]

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 January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	1.20	1.70	28.43	-1.37	1955 - 2018	percent	Monthly	2011=100

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Country	Last		Previous	Range
Argentina	48.00	Nov/18	45.5	20263 : -7	%
Australia	1.90	Sep/18	2.1	23.9 : -1.3	%
Brazil	3.75	Dec/18	4.05	6821 : 1.65	%
Canada	1.70	Nov/18	2.4	21.6 : -17.8	%
China	1.90	Dec/18	2.2	28.4 : -2.2	%
Euro Area	1.60	Dec/18	1.9	5 : -0.7	%
France	1.60	Dec/18	1.9	18.8 : -0.7	%
Germany	1.70	Dec/18	2.3	11.54 : -7.62	%
India	2.19	Dec/18	2.33	12.17 : 1.54	%
Indonesia	3.13	Dec/18	3.23	82.4 : -1.17	%
Italy	1.10	Dec/18	1.6	25.64 : -0.6	%
Japan	0.80	Nov/18	1.4	24.9 : -2.5	%
Mexico	4.83	Dec/18	4.72	180 : 2.13	%
Netherlands	2.00	Dec/18	2	11.19 : -1.3	%
Russia	4.30	Dec/18	3.8	2333 : 2.2	%
Saudi Arabia	2.80	Nov/18	2.4	11.1 : -2	%
Singapore	0.30	Nov/18	0.7	34 : -3.1	%
South Africa	5.20	Nov/18	5.1	20.7 : 0.2	%
South Korea	1.30	Dec/18	2	32.5 : 0.2	%
Spain	1.20	Dec/18	1.7	28.43 : -1.37	%
Switzerland	0.70	Dec/18	0.9	11.92 : -1.4	%
Turkey	20.30	Dec/18	21.62	139 : -4.01	%
United Kingdom	2.30	Nov/18	2.4	8.5 : -0.1	%
United States	1.90	Dec/18	2.2	23.7 : -15.8	%