Producer prices in Spain increased 1.1 percent year-on-year in May of 2019, following an upwardly revised 2.4 percent rise in the previous month. It was the lowest producer inflation since January 2018, as prices slowed for energy (2.7 percent vs 7.1 percent in April) and intermediate goods (0.3 percent vs 0.9 percent). On the other hand, producer inflation was steady for capital goods (at 0.9 percent) while consumer goods cost rebounded to flat reading from a 0.5 percent drop in April. On a monthly basis, producer prices were flat, after a 0.7 percent gain in the prior month. Producer Prices Change in Spain averaged 5.08 percent from 1976 until 2019, 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.
Producer Prices Change in Spain is expected to be 1.00 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 1.40 in 12 months time. In the long-term, the Spain Producer Prices Change is projected to trend around 1.90 percent in 2020, according to our econometric models.