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.

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Spain Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.60 -0.50 28.43 -1.37 1955 - 2021 percent Monthly
2011=100


Calendar GMT Actual Previous Consensus TEForecast
2020-12-11 08:00 AM Inflation Rate YoY Final Nov -0.8% -0.8% -0.8% -0.8%
2020-12-30 08:00 AM Inflation Rate YoY Prel Dec -0.5% -0.8% -0.7%
2021-01-15 08:00 AM Inflation Rate YoY Final Dec -0.5% -0.8% -0.5% -0.5%
2021-01-29 08:00 AM Inflation Rate YoY Prel Jan 0.6% -0.5% -0.5% -0.8%
2021-02-12 08:00 AM Inflation Rate YoY Final Jan -0.5% 0.6% 0.6%
2021-02-26 08:00 AM Inflation Rate YoY Prel Feb
2021-03-12 08:00 AM Inflation Rate YoY Final Feb
2021-03-30 07:00 AM Inflation Rate YoY Prel Mar


News Stream
Spain Consumer Prices Rise for 1st Time in 11 Months
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.
2021-01-29
Spain Deflation Softens in December
Spain's consumer prices went down 0.5% from a year earlier in December of 2020, easing from a 0.8% decrease in the previous month and matching a preliminary estimate. Prices fell less mostly for housing (-0.1% vs -2.2% in November), due to the increase in the cost of electricity; transport (-4.4% vs -5.1%), amid an increase in costs of fuels & lubricants for personal transport; and communications (-4.1% vs -4.2 %). Also, inflation edged higher for health (0.5% vs 0.4%) and furnishings (0.4% vs 0.2%). Food & non-alcoholic beverages prices slowed (1.1% vs 1.3%t). The harmonised index of consumer prices fell 0.6% over a year earlier, compared with a 0.8% decrease in November, and in line with earlier estimates. On a monthly basis, consumer prices increased 0.2%, the same pace as in November and matching the preliminary estimate; and the harmonised index advanced 0.2%, up from a 0.1% increase in November and slightly above an earlier reading of 0.1%.
2021-01-15
Spain Consumer Price Deflation Eases in December
Consumer prices in Spain are expected to fall 0.5 percent year-on-year in December 2020, easing from a 0.8 percent decline in the previous month, a preliminary estimate showed. Upward pressure came from electricity, and fuels and lubricants. The harmonised index of consumer prices is seen declining 0.6 percent over a year ago, compared with a 0.8 percent decrease in November. On a monthly basis, consumer prices are likely to rise 0.2 percent for a second consecutive month, and the harmonised index should increase 0.1 percent. The country slipped into deflation in April when the coronavirus pandemic started to hit more the economy.
2020-12-30
Spain Consumer Prices Fall for 8th Month
Spain's consumer prices decreased 0.8 percent from a year earlier in November of 2020, the same as in the previous month and the most since May, matching a preliminary estimate. Main downward pressure came from prices of transport (-5.1 percent, the same pace as in October); housing & utilities (-2.2 percent vs -3.6 percent), namely electricity; communication (-4.2 percent, the same pace as in October) and recreation & culture (-0.9 percent vs -0.7 percent). At the same time, inflation slowed for food & non-alcoholic beverages (1.3 percent vs 2.3 percent), amid lower prices of fruits and vegetables. The harmonised index of consumer prices went down 0.8 percent over a year earlier, after a 0.9 percent decrease in the prior month, and slightly below a preliminary reading of a 0.9 percent fall. On a monthly basis, consumer prices increased 0.2 percent and the harmonised index advanced 0.1 percent, both matching a preliminary estimate.
2020-12-11

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.