Cost of food in Spain increased 2.80 percent in June of 2020 over the same month in the previous year.
Food Inflation in Spain averaged 2.15 percent from 2003 until 2020, reaching an all time high of 7.20 percent in June of 2008 and a record low of -2.75 percent in February of 2010. This page provides the latest reported value for - Spain Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Food Inflation - values, historical data and charts - was last updated on August of 2020. source: National Statistics Institute (INE)
Food Inflation in Spain is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Spain to stand at 2.10 in 12 months time. In the long-term, the Spain Food Inflation is projected to trend around 1.70 percent in 2021 and 1.80 percent in 2022, according to our econometric models.