The annual inflation rate in Spain edged up to 1.1 percent in February of 2019 from 1 percent in the previous month, matching a preliminary estimate and market expectations. Prices advanced faster mainly for food and transport, namely due to fuels. Inflation Rate in Spain averaged 6.68 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 1.20 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 2.20 percent in 2020, according to our econometric models.

Spain Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-31 08:00 AM Inflation Rate YoY Prel 1% 1.2% 1.2% 1.1%
2019-02-15 08:00 AM Inflation Rate YoY Final 1% 1.2% 1.0% 1%
2019-02-28 08:00 AM Inflation Rate YoY Prel 1.1% 1% 1.1% 1.1%
2019-03-13 08:00 AM Inflation Rate YoY Final 1.1% 1% 1.1% 1.1%
2019-03-28 08:00 AM Inflation Rate YoY Prel 1.1% 1.2%
2019-04-12 07:00 AM Inflation Rate YoY Final 1.1%
2019-04-30 07:00 AM Inflation Rate YoY Prel



Spain Inflation Rate Confirmed at 1.1% in February

The annual inflation rate in Spain edged up to 1.1 percent in February of 2019 from 1 percent in the previous month, matching a preliminary estimate and market expectations. Prices advanced faster mainly for food and transport, namely due to fuels.

Year-on-year, prices rose faster for food & non-alcoholic beverages (1.4 percent vs 0.9 percent in January), mostly pushed up by vegetables (7.8 percent vs 4.7 percent) and rebounded significantly for transport (1.8 percent vs -0.2 percent), driven by fuels (4.2 percent vs -0.3 percent).

On the other hand, cost slowed for housing (0.9 percent vs 2.4 percent), led by electricity (-1.1 percent vs 5.7 percent) and gas (2.1 percent vs 2.8 percent); and communications (1.5 percent vs 2.6 percent). Also, inflation remained steady for hotels, cafes & restaurants (at 1.8 percent); miscellaneous goods & services (at 1.4 percent); clothing & footwear (at 0.8 percent); health (at 0.9 percent) and education (at 1 percent). Meantime, prices fell further for recreation & culture (-1.6 percent vs -0.9 percent) amid a sharp decrease in tourist packages cost (-6.2 percent vs -2.8 percent).

Annual core inflation, which excludes volatile items such as food and energy, eased to 0.7 percent in February from 0.8 percent in January. It is the lowest rate since July 2016.

On a monthly basis, consumer prices went up 0.2 percent, following a 1.3 percent decline in January and matching an earlier estimate and market expectations. Main upward pressure came from cost of food (0.3 percent vs -0.1 percent), due to vegetables (2.1 percent vs 1.7 percent) and transport (1.5 percent vs 0.3 percent) owing to fuels (3.5 percent vs 0.8 percent).

The harmonized index of consumer prices advanced 1.1 percent year-on-year (from 1 percent in January), and increased 0.2 percent from the previous month (from -1.7 percent in January).


INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
3/13/2019 9:12:44 AM



Spain Prices Last Previous Highest Lowest Unit
Inflation Rate 1.10 1.00 28.43 -1.37 percent [+]
Inflation Rate Mom 0.20 -1.30 4.58 -1.90 percent [+]
Consumer Price Index CPI 103.32 103.07 104.99 1.83 Index Points [+]
Harmonised Consumer Prices 102.47 102.26 104.77 53.60 Index Points [+]
Core Consumer Prices 101.51 101.36 102.93 9.42 Index Points [+]
Core Inflation Rate 0.70 0.80 27.10 -0.10 percent [+]
Producer Prices 104.40 104.10 106.30 12.60 Index Points [+]
Producer Prices Change 1.80 1.70 24.60 -6.70 percent [+]
Export Prices 111.70 111.90 114.40 13.70 Index Points [+]
Import Prices 109.50 112.70 116.80 12.20 Index Points [+]
Food Inflation 1.40 0.90 7.20 -2.75 percent [+]
CPI Housing Utilities 106.48 107.66 108.68 66.03 Index Points [+]
CPI Transportation 107.59 106.04 110.76 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 1.00 28.43 -1.37 1955 - 2019 percent Monthly
2011=100




Country Last Previous
Argentina 50.70 Feb/19
Australia 1.80 Dec/18
Brazil 3.89 Feb/19
Canada 1.50 Feb/19
China 1.50 Feb/19
Euro Area 1.50 Feb/19
France 1.30 Feb/19
Germany 1.50 Feb/19
India 2.57 Feb/19
Indonesia 2.57 Feb/19
Italy 1.00 Feb/19
Japan 0.20 Feb/19
Mexico 3.94 Feb/19
Netherlands 2.60 Feb/19
Russia 5.20 Feb/19
Saudi Arabia -2.20 Feb/19
Singapore 0.40 Jan/19
South Africa 4.10 Feb/19
South Korea 0.50 Feb/19
Spain 1.10 Feb/19
Switzerland 0.60 Feb/19
Turkey 19.67 Feb/19
United Kingdom 1.90 Feb/19
United States 1.50 Feb/19


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