Consumer prices in Spain are expected to fall 0.3 percent year-on-year in June 2020, following a 0.9 percent decrease in the previous month, a preliminary estimate showed. The harmonised index of consumer prices is seeing dropping 0.3 percent over a year earlier, after declining 0.9 percent in May. On a monthly basis, consumer prices will likely rise 0.5 percent and the harmonised index is expected to increase 0.4 percent. The prices of the products included in the COVID-19 special goods group went down 0.2 percent over a month earlier in June, while those of services edged up 1.2 percent.
Inflation Rate in Spain averaged 6.55 percent from 1955 until 2020, 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 July of 2020. source: National Statistics Institute (INE)
Inflation Rate in Spain is expected to be -0.50 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 0.40 in 12 months time. In the long-term, the Spain Inflation Rate is projected to trend around 1.40 percent in 2021 and 1.50 percent in 2022, according to our econometric models.