Producer prices in Spain declined 0.8 percent year-on-year in January of 2020, following a downwardly revised 1.8 percent fall in December. It is the smallest decrease in producer prices in six months as cost fell less for energy (-3.9 percent vs -6.1 percent in December), namely production, transport and distribution of electricity and oil refining; and intermediate goods (-1 percent vs -1.4 percent), namely chemicals, fertilisers, plastics and rubber. Also, prices rose faster for both consumption goods (2 percent vs 1.6 percent) and equipment goods (1.2 percent vs 1.1 percent). On a monthly basis, producer prices jumped 1.1 percent, after a 0.4 percent drop in December.
Producer Prices Change in Spain averaged 4.97 percent from 1976 until 2020, reaching an all time high of 24.60 percent in December of 1977 and a record low of -6.70 percent in July of 2009. This page provides the latest reported value for - Spain Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: National Statistics Institute (INE)
Producer Prices Change 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 Producer Prices Change in Spain to stand at 1.60 in 12 months time. In the long-term, the Spain Producer Prices Change is projected to trend around 1.90 percent in 2021, according to our econometric models.