Spain Inflation Rate  1955-2018 | Data | Chart | Calendar | Forecast

The annual inflation rate in Spain increased 2.2 percent in August of 2018, unchanged from the previous month, matching the preliminary estimate and in line with market consensus. Prices rose faster mainly due to food and non-alcoholic beverages and housing. Inflation Rate in Spain averaged 6.72 percent from 1955 until 2018, 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.

Spain Inflation Rate
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Spain Annual Inflation Rate Confirmed at 2.2% in August


The annual inflation rate in Spain increased 2.2 percent in August of 2018, unchanged from the previous month, matching the preliminary estimate and in line with market consensus. Prices rose faster mainly due to food and non-alcoholic beverages and housing.

Year-on-year, cost advanced further for food & non-alcoholic beverages (2.0 percent compared to 1.8 percent in July), namely fruits; housing (4.3 percent compared to 3.7 percent); mostly due to higher cost of electricity and miscellaneous goods & services (1.0 percent compared to 0.9 percent). Meanwhile, prices slowed for transport (5.2 percent compared to 5.9 percent); restaurants & hotels (1.8 percent compared to 2.0 percent); clothing & footwear (0.9 percent compared to 1.0 percent); health (a flat reading compared to 0.1 percent) and communications (2.6 percent compared to 2.7 percent). Additionally, cost of recreation & culture declined faster (-1.1 percent compared to -0.6 percent). Also, inflation was steady for furnishings (at 0.3 percent, the same as in July) and education (at 0.8 percent).

Annual core inflation, which excludes volatile items such as food and energy, fell to 0.8 percent in Agust from 0.9 percent in July.

On a monthly basis, consumer prices went up 0.1 percent, rebounding from a 0.7 percent fall in the prior month, lower than a preliminary estimate of 0.2 percent and below market expectations of a 0.2 percent gain.  Positive contributions came mainly from housing (0.6 percent); recreation & culture (0.7 percent); restaurants & hotels (0.2 percent) and transport (0.2 percent).

The harmonized index of consumer prices rose 2.2 percent year-on-year, easing from a 2.3 percent increase in July and advanced 0.1 percent from the prior month.


INE | Stefanie Moya | stefanie.moya@tradingeconomics.com
9/12/2018 7:32:57 AM


Recent Releases

Spain Annual Inflation Rate Steady at 2.2% in August
The annual inflation rate in Spain rose 2.2 percent in August of 2018, unchanged from the previous month and in line with market expectations, the preliminary estimate showed. Main upward pressure came from higher cost of electricity.
Published on 2018-08-30

Spain Inflation Rate Confirmed at 2.2% in July
The annual inflation rate in Spain fell to 2.2 percent in July of 2018 from 2.3 percent in the previous month, matching the preliminary estimate and in line with market expectations. Prices slowed mainly due to food and non-alcoholic beverages and transport.
Published on 2018-08-14

Spain Inflation Rate Eases to 2.2% YoY in July
The annual inflation rate in Spain fell to 2.2 percent in July of 2018 from 2.3 percent in June and below market expectations of 2.3 percent, the preliminary estimate showed. A slowdown was mainly due to lower prices of food and non-alcoholic beverages.
Published on 2018-07-30

Spain Inflation Rate Confirmed at 14-Month High in June
Spain's annual inflation increased to 2.3 percent in June 2018, matching the preliminary estimate and compared to 2.1 percent in May. It remained at its highest level since April 2017.
Published on 2018-07-13



Calendar GMT Actual Previous Consensus TEForecast
2018-08-14 07:00 AM Inflation Rate YoY Final 2.2% 2.3% 2.2% 2.2%
2018-08-30 07:00 AM Inflation Rate YoY Prel 2.2% 2.2% 2.2% 2.3%
2018-09-12 07:00 AM Inflation Rate YoY Final 2.2% 2.2% 2.2% 2.2%
2018-09-28 07:00 AM Inflation Rate YoY Prel 2.2% 2.2% 2.3%
2018-10-11 07:00 AM Inflation Rate YoY Final 2.2%
2018-10-30 08:00 AM Inflation Rate YoY Prel 2.1%


Spain Prices Last Previous Highest Lowest Unit
Inflation Rate 2.20 2.20 28.43 -1.37 percent [+]
Inflation Rate Mom 0.10 -0.70 4.58 -1.90 percent [+]
Harmonised Consumer Prices 103.38 103.30 104.57 53.60 Index Points [+]
Consumer Price Index CPI 103.78 103.63 104.38 1.83 Index Points [+]
Core Consumer Prices 101.84 101.76 102.61 9.42 Index Points [+]
Core Inflation Rate 0.80 0.90 27.10 -0.10 percent [+]
Producer Prices 104.90 104.50 104.90 12.60 Index Points [+]
Producer Prices Change 4.60 4.10 24.60 -6.70 percent [+]
Export Prices 112.80 112.00 113.40 13.70 Index Points [+]
Import Prices 112.20 110.40 116.80 12.20 Index Points [+]
Food Inflation 2.00 1.80 7.20 -2.75 percent [+]
CPI Housing Utilities 107.41 106.72 107.89 66.03 Index Points [+]
CPI Transportation 109.11 108.94 110.76 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.20 28.43 -1.37 1955 - 2018 percent Monthly
2011=100




inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.19 Aug/18
Canada 2.80 Aug/18
China 2.30 Aug/18
Euro Area 2.00 Aug/18
France 2.30 Aug/18
Germany 2.00 Aug/18
India 3.69 Aug/18
Indonesia 3.20 Aug/18
Italy 1.60 Aug/18
Japan 1.30 Aug/18
Mexico 4.90 Aug/18
Netherlands 2.30 Aug/18
Russia 3.10 Aug/18
Saudi Arabia 2.20 Jul/18
Singapore 0.70 Aug/18
South Africa 4.90 Aug/18
South Korea 1.40 Aug/18
Spain 2.20 Aug/18
Switzerland 1.20 Aug/18
Turkey 17.90 Aug/18
United Kingdom 2.70 Aug/18
United States 2.70 Aug/18


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