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.