Spain's consumer prices rose 2.7% from a year earlier in June of 2021, the same pace as in May and compared with an earlier estimate of a 2.6% rise. It was the highest inflation rate since February of 2017, as prices advanced faster primarily for housing (10.9% vs 10.4% in May), namely electricity (37.1% vs 36.3%); food & non-alcoholic beverages (1.1% vs 0.8%) and miscellaneous goods & services (0.9% vs 0.6%). Meanwhile, transport costs slowed a bit (8.9% vs 9.4%), in particular fuels such as diesel (20.4% vs 21.4%) and petrol (21.4% vs 24.2%). The harmonised index of consumer prices advanced 2.5% over a year ago, slightly above 2.4% in the prior month and a preliminary reading of 2.4%. On a monthly basis, consumer prices increased 0.5% in June and the harmonised index also went up 0.5%. source: National Statistics Institute (INE)
Inflation Rate in Spain averaged 6.46 percent from 1955 until 2021, reaching an all time high of 28.43 percent in August of 1977 and a record low of -1.37 percent in July of 2009. This page provides the latest reported value for - Spain Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Inflation Rate in Spain is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Spain to stand at 1.20 in 12 months time. In the long-term, the Spain Inflation Rate is projected to trend around 1.10 percent in 2022 and 1.70 percent in 2023, according to our econometric models.