Spain's producer prices dropped 8.7 percent from a year earlier in May 2020, the biggest decline since comparable records began in 1976, as the coronavirus pandemic hit activity and demand. Energy cost was sharply down (-24.7 percent vs -24.8 percent in April) as well as intermediate goods prices (-3.5 percent vs -3.3 percent). Meanwhile, consumer goods inflation slowed to 0.9 percent from 1.7 percent, while capital goods inflation was little-changed at 0.8 percent, compared to 0.7 percent in April. On a monthly basis, producer prices fell 0.2 percent in May, after a 3.0 percent plunge in April.

Producer Prices Change in Spain averaged 4.89 percent from 1976 until 2020, reaching an all time high of 24.60 percent in December of 1977 and a record low of -8.70 percent in May of 2020. 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. Spain Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: National Statistics Institute (INE)

Producer Prices Change in Spain is expected to be -4.30 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 2.30 in 12 months time. In the long-term, the Spain Producer Prices Change is projected to trend around 2.60 percent in 2021 and 1.90 percent in 2022, according to our econometric models.

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Spain Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-8.70 -8.40 24.60 -8.70 1976 - 2020 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-25 08:00 AM Feb -2.2% -0.9% -1.2%
2020-04-24 07:00 AM Mar -5% -2.3% -2.8%
2020-05-25 07:00 AM Apr -8.4% -4.9% -5.7%
2020-06-25 07:00 AM May -8.7% -8.4% -8.9%
2020-07-24 07:00 AM Jun -8.7% -8.2%
2020-08-25 07:00 AM Jul
2020-09-25 07:00 AM Aug
2020-10-26 08:00 AM Sep -4.3%


News Stream
Spain Producer Prices Fall the Most on Record
Spain's producer prices dropped 8.7 percent from a year earlier in May 2020, the biggest decline since comparable records began in 1976, as the coronavirus pandemic hit activity and demand. Energy cost was sharply down (-24.7 percent vs -24.8 percent in April) as well as intermediate goods prices (-3.5 percent vs -3.3 percent). Meanwhile, consumer goods inflation slowed to 0.9 percent from 1.7 percent, while capital goods inflation was little-changed at 0.8 percent, compared to 0.7 percent in April. On a monthly basis, producer prices fell 0.2 percent in May, after a 3.0 percent plunge in April.
2020-06-25
Spain Producer Deflation Deepens in April
Producer prices dropped 8.4 percent over a year earlier in April 2020, after falling a downwardly revised 4.9 percent in the previous month. It was the eleventh consecutive decline in producer prices and the sharpest since at least 1976, amid the coronavirus pandemic. Cost decreased further for energy (-24.6 percent vs -15.4 percent in March), as international oil prices slumped; and intermediate goods (-3.4 percent vs -2.4 percent). Additionally, prices slowed for non-durable consumer goods (1.8 percent vs 2.3 percent); and equipment goods (0.7 percent vs 0.8 percent). In contrast, cost of durable consumer goods rose at a faster pace (1.5 percent vs 1.3 percent). On a monthly basis, producer prices went down 3 percent, the same pace as in the prior month.
2020-05-25
Spain Producer Deflation Deepens to 5% in March
Producer prices fell 5 percent year-on-year in March of 2020, following an upwardly revised 2.3 percent drop in the previous month. It was the tenth consecutive month of decline in producer prices and the deepest since May of 2016, as cost fell faster for energy (-15.9 percent vs -8.3 percent in February) and intermediate goods (-2.3 percent vs -1.4 percent). Meantime, prices slowed for non-durable consumer goods (2.3 percent vs 2.4 percent); durable consumer goods (1.4 percent vs 1.5 percent) and equipment goods (1 percent vs 1.2 percent). On a monthly basis, producer prices slid 3.1 percent, after a 1.3 percent decrease in February.
2020-04-24
Spain Producer Prices Fall for 9th Month
Producer prices in Spain dropped 2.2 percent year-on-year in February 2020, following an upwardly revised 0.9 percent fall in the previous month. It was the ninth consecutive month of decline in producer prices, as cost fell faster for energy (-8 percent vs -4.4 percent in January) and intermediate goods (-1.4 percent vs -0.9 percent). Meantime, inflation was steady for both durable consumer goods (at 1.5 percent) and equipment goods (at 1.1 percent). On the other hand, prices advanced faster for non-durable consumer goods (2.4 percent vs 2.1 percent). On a monthly basis, producer prices fell 1.2 percent, after a 1 percent gain in January.
2020-03-25

Spain Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.