The annual inflation rate in Spain fell to 0.4 percent in June of 2019 from 0.8 percent in the previous month and in line with flash estimates. It was the lowest inflation rate since September of 2016. Inflation Rate in Spain averaged 6.65 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 1.10 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 1.50 in 12 months time. In the long-term, the Spain Inflation Rate is projected to trend around 1.80 percent in 2020, according to our econometric models.

Spain Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-30 07:00 AM Inflation Rate YoY Prel May 0.8% 1.5% 1.1% 1.3%
2019-06-12 07:00 AM Inflation Rate YoY Final May 0.8% 1.5% 0.8% 0.8%
2019-06-27 07:00 AM Inflation Rate YoY Prel Jun 0.4% 0.8% 0.5% 0.8%
2019-07-12 07:00 AM Inflation Rate YoY Final Jun 0.4% 0.8% 0.4% 0.4%
2019-07-29 07:00 AM Inflation Rate YoY Prel Jul 0.4% 0.6%
2019-08-13 07:00 AM Inflation Rate YoY Final Jul 0.4%
2019-08-29 07:00 AM Inflation Rate YoY Prel Aug



Spain Inflation Rate Confirmed at Near 3-Year Low of 0.4%

The annual inflation rate in Spain fell to 0.4 percent in June of 2019 from 0.8 percent in the previous month and in line with flash estimates. It was the lowest inflation rate since September of 2016, mainly due to a flat reading in transport cost.

Year-on-year, cost slowed for health (0.7 percent from 0.8 percent in May); communication 0.1 percent from 0.2 percent) and alcoholic beverages and tobacco (0.4 percent from 0.6 percent). In addition, transport prices showed no growth in June, after a 1.8 percent gain in the prior month. Also, inflation was steady for food and non-alcoholic beverages (at 0.5 percent); housing and utilities (at 0.6 percent); restaurant and hotels (at 2.2 percent); clothing and footwear (at 0.9 percent); furniture and household equipment (at 0.6 percent) and education (at 1 percent). 

Meantime, prices went up faster for miscellaneous goods and services (1.5 percent from 1.3 percent) and cost continued to decrease for recreation and culture (-0.4 percent from -1.2 percent).

Annual core inflation, which excludes volatile items such as food and energy, accelerated to 0.9 percent in June from 0.9 percent in May.

On a monthly basis, consumer prices went down 0.1 percent, after a 0.2 percent increase in the previous month and also matching flash estimates. Prices fell for slowed mainly for transport (-1.4 percent from 0.5 percent in May); alcoholic beverages and tobacco (-0.1 percent from 0.1 percent); clothing and footwear (-1.3 percent from 2.4 percent) and communication (-0.2 percent from 0.1 percent).  

The harmonized index of consumer prices advanced 0.6 percent year-on-year (from 0.9 percent in May), and decreased 0.1 percent month-over-month (from 0.2 percent in May).


INE | Agna Gabriel | agna.gabriel@tradingeconomics.com
7/12/2019 9:27:05 AM



Spain Prices Last Previous Highest Lowest Unit
Inflation Rate 0.40 0.80 28.43 -1.37 percent [+]
Inflation Rate Mom -0.10 0.20 4.58 -1.90 percent [+]
Consumer Price Index CPI 104.82 104.95 104.99 1.83 Index Points [+]
Harmonised Consumer Prices 105.18 105.31 105.31 53.60 Index Points [+]
Core Consumer Prices 103.49 103.29 103.49 9.42 Index Points [+]
Core Inflation Rate 0.70 0.90 27.10 -0.10 percent [+]
Producer Prices 104.60 104.70 106.30 12.60 Index Points [+]
Producer Prices Change 1.10 2.40 24.60 -6.70 percent [+]
Export Prices 112.80 113.60 114.40 13.70 Index Points [+]
Import Prices 113.20 113.30 116.80 12.20 Index Points [+]
Food Inflation 0.50 0.50 7.20 -2.75 percent [+]
CPI Housing Utilities 104.22 104.87 108.68 66.03 Index Points [+]
CPI Transportation 109.16 110.69 110.76 71.87 Index Points [+]


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. 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 July of 2019.

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




Country Last Previous
Argentina 55.80 Jun/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.00 Jun/19
China 2.70 Jun/19
Euro Area 1.30 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 Jun/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 Jun/19
United States 1.60 Jun/19


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