Spain's annual inflation slowed to 1.7 percent in November 2018 from 2.3 percent in the previous month and in line with the preliminary estimate. This was the lowest rate since April as prices rose at a slower pace for main categories such as food & non-alcoholic beverages, transport and housing & utilities. Inflation Rate in Spain averaged 6.70 percent from 1955 until 2018, 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.

Inflation Rate in Spain is expected to be 1.80 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 2.10 in 12 months time. In the long-term, the Spain Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.

Spain Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-30 08:00 AM Inflation Rate YoY Prel 2.3% 2.3% 2.3% 2.5%
2018-11-14 08:00 AM Inflation Rate YoY Final 2.3% 2.3% 2.3% 2.3%
2018-11-29 08:00 AM Inflation Rate YoY Prel 1.7% 2.3% 2% 2.2%
2018-12-14 08:00 AM Inflation Rate YoY Final 1.7% 2.3% 1.7% 1.7%
2018-12-28 08:00 AM Inflation Rate YoY Prel 1.7% 1.8%
2019-01-11 08:00 AM Inflation Rate YoY Final 1.7% 1.8%
2019-01-29 08:00 AM Inflation Rate YoY Prel



Spanish November Inflation Rate Confirmed at 7-Month Low



Spain's annual inflation slowed to 1.7 percent in November 2018 from 2.3 percent in the previous month and in line with the preliminary estimate. This was the lowest rate since April.

A slowdown was seen in price changes of food & non-alcoholic beverages (1.4 percent vs 1.7 percent in October); transport (3.3 percent vs 5.7 percent); housing & utilities (2.8 percent vs 4 percent); and clothing & footwear (0.9 percent vs 1 percent). In addition, prices of recreation & culture dropped 0.5 percent (vs flat reading in October). On the other hand, inflation picked up for both restaurants & hotels (2.1 percent vs 1.9 percent) and miscellaneous goods and services (1.2 percent vs 1.1 percent).

Annual core inflation, which excludes volatile items such as food and energy, eased to 0.9 percent in November from 1 percent in October.

On a monthly basis, consumer prices fell 0.1 percent in November, after a 0.9 percent jump in October and also matching earlier estimates.

The harmonized index of consumer prices advanced 1.7 percent year-on-year (vs 2.3 percent in October), and dropped by 0.2 percent from the previous month (vs 0.7 percent in October).


INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/14/2018 8:25:21 AM



Spain Prices Last Previous Highest Lowest Unit
Inflation Rate 1.70 2.30 28.43 -1.37 percent [+]
Inflation Rate Mom -0.10 0.90 4.58 -1.90 percent [+]
Consumer Price Index CPI 104.88 104.99 104.99 1.83 Index Points [+]
Harmonised Consumer Prices 104.52 104.77 104.77 53.60 Index Points [+]
Core Consumer Prices 102.88 102.63 102.88 9.42 Index Points [+]
Core Inflation Rate 0.90 1.00 27.10 -0.10 percent [+]
Producer Prices 106.20 106.20 106.20 12.60 Index Points [+]
Producer Prices Change 4.50 5.30 24.60 -6.70 percent [+]
Export Prices 114.10 111.30 114.10 13.70 Index Points [+]
Import Prices 113.80 111.80 116.80 12.20 Index Points [+]
Food Inflation 1.70 1.70 7.20 -2.75 percent [+]
CPI Housing Utilities 108.42 108.68 108.68 66.03 Index Points [+]
CPI Transportation 108.74 110.26 110.76 71.87 Index Points [+]


Spain Inflation Rate

In Spain, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of the total weight), transport (15 percent), housing and utilities (13 percent) and hotels, cafés and restaurants (12 percent). The index also includes: Recreation and culture (9 percent); miscellaneous goods and services (7 percent); and clothing and footwear (7 percent). Furnishings, household equipment and routine maintenance of the house; health; communications; alcoholic beverages and tobacco; and education account for the remaining 18 percent of total weight. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.70 2.30 28.43 -1.37 1955 - 2018 percent Monthly
2011=100




Country Last Previous
Argentina 48.00 Nov/18
Australia 1.90 Sep/18
Brazil 4.05 Nov/18
Canada 2.40 Oct/18
China 2.20 Nov/18
Euro Area 2.00 Nov/18
France 1.90 Nov/18
Germany 2.30 Nov/18
India 2.33 Nov/18
Indonesia 3.23 Nov/18
Italy 1.60 Nov/18
Japan 1.40 Oct/18
Mexico 4.72 Nov/18
Netherlands 2.00 Nov/18
Russia 3.80 Nov/18
Saudi Arabia 2.40 Oct/18
Singapore 0.70 Oct/18
South Africa 5.20 Nov/18
South Korea 2.00 Nov/18
Spain 1.70 Nov/18
Switzerland 0.90 Nov/18
Turkey 21.62 Nov/18
United Kingdom 2.40 Oct/18
United States 2.20 Nov/18


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