Spain's producer prices decreased by 0.6 percent year-on-year in June 2019, after an upwardly revised 1.2 percent rise the previous month. It was the first drop in producer prices since September 2016, as cost fell for energy (-2.4 percent vs 3.0 percent in May) and intermediate goods (-0.3 percent vs 0.4 percent). On the other hand, capital goods prices advanced faster (1.1 percent vs 0.9 percent) while consumer goods cost rebounded (0.3 percent from a flat reading in May). On a monthly basis, producer prices fell 0.8 percent, from a flat reading in the prior month. Producer Prices Change in Spain averaged 5.07 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 1.20 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.