Annual inflation rate in Spain increased to 0.8 percent in December of 2019 from 0.4 percent in November and in line with the preliminary figures. It is the highest inflation rate in seven months. The biggest upward pressure came from prices of transport (4 percent), as cost of fuels and lubricants rose in 2019 compared to a fall in the previous year. Prices also went up for air transportation. Other rises were seen in cost of food and non-alcoholic beverages (1.7 percent); hotels, cafes and restaurants (2 percent); recreation and culture (0.1 percent); miscellaneous goods and services (1.4 percent); clothing and footwear (0.9 percent); health (0.5 percent); communication (0.7 percent); and education (0.9 percent). On the other hand, downward pressure came from cost of housing (-5 percent), due to a fall in electricity prices. The monthly rate fell to -0.1 percent from 0.2 percent. Inflation Rate in Spain averaged 6.60 percent from 1955 until 2019, 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. source: National Statistics Institute (INE)

Inflation Rate in Spain is expected to be 0.70 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 1.10 in 12 months time. In the long-term, the Spain Inflation Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.

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Spain Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.40 28.43 -1.37 1955 - 2019 percent Monthly
2011=100



Calendar GMT Actual Previous Consensus TEForecast
2019-11-28 08:00 AM Inflation Rate YoY Prel Nov 0.4% 0.1% 0.1% 0.5%
2019-12-13 08:00 AM Inflation Rate YoY Final Nov 0.4% 0.1% 0.4% 0.4%
2019-12-30 08:00 AM Inflation Rate YoY Prel Dec 0.8% 0.4% 0.9% 0.8%
2020-01-15 08:00 AM Inflation Rate YoY Final Dec 0.8% 0.4% 0.8% 0.8%
2020-01-31 08:00 AM Inflation Rate YoY Prel Jan 0.8% 0.9%


News Stream
2019-12-30
Spain Inflation Rate Picks Up to 7-Month High
The annual inflation rate in Spain is expected to rise to 0.8 percent in December 2019 from 0.4 percent in the previous month and slightly below market estimates of 0.9 percent. It is the highest inflation rate since May, mainly driven by fuel prices while electricity tariffs should decrease, preliminary figures showed.

2019-12-13
Spain Inflation Rate Confirmed at 4-Month High of 0.4%
The annual inflation rate in Spain increased to 0.4 percent in November 2019 from 0.1 percent in the previous month and in line with preliminary estimates. It was the highest inflation since July. On a monthly basis, consumer prices edged up 0.2 percent, after rising 1 percent in the previous month, in line with a flash estimate.

2019-11-28
Spain Inflation Rate Highest in 4 Months
The inflation rate is Spain is expected to pick up to 0.4 percent in November of 2019 from 0.1 percent in October, beating market expectations of 0.2 percent. It is the highest inflation rate in four months amid a stability in prices of fuel and food and non-alcoholic beverages, compared to falls in 2018, preliminary figures showed.

2019-11-14
Spain Inflation Rate Confirmed at 3-Year Low
The annual inflation rate in Spain was steady at 0.1 percent in October of 2019, the same as in the previous month and in line with preliminary figures. It remained the lowest rate since August of 2016. The biggest downward pressure on the CPI came from prices of transport (-0.8 percent compared to a flat reading in September), namely fuels and lubricants and air transport of passengers; and recreation and culture (-0.2 percent compared to 0.1 percent), namely tourist packages. On the other hand, the highest upward pressure came from cost of housing (-3.9 percent compared to -4.8 percent), due to a rise in electricity cost; and food (1.2 percent compared to 0.9 percent), mainly fruits.

2019-10-30
Spain October Inflation Rate Steady at 3-Year Low
The annual inflation rate in Spain was at 0.1 percent in October 2019, unchanged from the previous month and above market expectations of a flat reading, a preliminary estimate showed. It remained the lowest inflation rate since September 2016, amid a slowdown in cost of gas & fuels while electricity prices rose further.

2019-10-11
Spain Inflation Rate Confirmed at 3-Year Low of 0.1%
The annual inflation rate in Spain edged down to 0.1 percent in September of 2019 from 0.3 percent in the previous month and matching market estimates and a preliminary reading, final data showed. It was the lowest inflation rate since September 2016, mainly due to a sharp fall in prices of electricity.


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.

Spain Prices Last Previous Highest Lowest Unit
Inflation Rate 0.80 0.40 28.43 -1.37 percent [+]
Inflation Rate Mom -0.10 0.20 4.58 -1.90 percent [+]
Consumer Price Index CPI 105.23 105.30 105.30 1.83 points [+]
Harmonised Consumer Prices 104.88 105.01 105.31 53.60 points [+]
Core Consumer Prices 103.98 103.95 103.98 9.42 points [+]
Core Inflation Rate 1.00 1.00 27.10 -0.10 percent [+]
Producer Prices 102.70 103.30 106.30 12.60 points [+]
Producer Prices Change -2.30 -2.80 24.60 -6.70 percent [+]
Export Prices 115.10 113.10 115.10 13.70 points [+]
Import Prices 112.30 110.10 116.80 12.20 points [+]
Food Inflation 1.70 1.70 7.20 -2.75 percent [+]
CPI Housing Utilities 102.83 104.01 108.68 66.03 points [+]
CPI Transportation 109.96 109.21 110.76 71.87 points [+]