Producer prices in Spain rose 0.9 percent year-on-year in January of 2021, rebounding from an upwardly revised 1.5 percent drop in the previous month. It was the first gain in producer prices since May 2019, as cost advanced faster for non-durable consumer goods (0.6 percent vs 0.5 percent in December) and intermediate goods (2.4 percent vs 1.2 percent). Meantime, inflation was steady for capital goods (at 0.8 percent) and energy cost showed no growth, after falling 6.5 percent. On a monthly basis, producer prices jumped 3.4 percent, following a 0.9 percent gain in December. source: National Statistics Institute (INE)
Producer Prices Change in Spain averaged 4.77 percent from 1976 until 2021, reaching an all time high of 24.60 percent in December of 1977 and a record low of -8.80 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 March of 2021.
Producer Prices Change in Spain is expected to be 0.50 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 2.60 in 12 months time. In the long-term, the Spain Producer Prices Change is projected to trend around 2.60 percent in 2022 and 1.90 percent in 2023, according to our econometric models.