The annual inflation rate in Spain fell to 0.3 percent in August 2019 from 0.5 percent in the previous month and in line with market expectations and a preliminary reading, final data showed. It was the lowest inflation rate since September 2016, amid a slowdown in cost of electricity. Inflation Rate in Spain averaged 6.64 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.
Inflation Rate in Spain is expected to be 0.30 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 0.90 in 12 months time. In the long-term, the Spain Inflation Rate is projected to trend around 1.60 percent in 2020, according to our econometric models.