Spain Inflation Rate  1955-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Spain increased 1.5 percent year-on-year in July 2017, the same pace as in June and in line with preliminary estimates. It remains the lowest inflation rate since November last year, mainly as cost eased for food and housing while rose faster for transport. On a monthly basis, consumer prices went down 0.7 percent. Inflation Rate in Spain averaged 6.81 percent from 1955 until 2017, 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.

Spain Inflation Rate
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Spain Inflation Rate Confirmed at 1.5% in July


Consumer prices in Spain increased 1.5 percent year-on-year in July 2017, the same pace as in June and in line with preliminary estimates. It remains the lowest inflation rate since November last year, mainly as cost eased for food and housing while rose faster for transport. On a monthly basis, consumer prices went down 0.7 percent.

Year-on-year, consumer prices advanced less for: food and non-alcoholic beverages (0.1 percent vs 0.8 percent in June); housing and utilities (3.2 percent vs 3.6 percent); hotels, cafes and restaurants (2.1 percent vs 2.2 percent); recreation and culture (1.2 percent vs 1.4 percent); miscellaneous goods and services (1 percent vs 1.1 percent) and communication (1.5 percent vs 2.1 percent). Also, prices of furniture and household equipment declined further (-0.6 percent vs -0.4 percent).

In contrast, cost rose faster for transport (2.4 percent vs 1.8 percent) and clothing and footwear (0.4 percent vs 0.2 percent).

Annual core inflation, which strips out volatile food and energy prices, was 1.4 percent, higher than 1.2 percent a month earlier.

On a monthly basis, consumer prices went down 0.7 percent.

The EU-harmonised index rose 1.7 percent year-on-year, higher than 1.6 percent in June. The monthly rate edged down 1.2 percent compared to a 0.1 percent increase in June.

INE | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/11/2017 7:28:39 AM


Recent Releases

Spanish Inflation Rate Flat at 1.5% in July
Spanish annual inflation rate came in at 1.5 percent in July 2017, unchanged from the previous month's seven month low and in line with market expectations, the preliminary figure showed. Cost of food and non-alcoholic beverages was flat from the previous year while fuel prices dropped.
Published on 2017-07-28

Spain Inflation Rate Confirmed At 1.5% In June
Consumer prices in Spain increased by 1.5 percent year-on-year in June 2017, following 1.9 percent gain in May and in line with preliminary estimates. It was the lowest inflation rate since November last year, as prices rose at a slower pace for transport, food, and housing. On a monthly basis, consumer prices were flat.
Published on 2017-07-13

Spain Inflation Rate Slows To 7-Month Low
Consumer prices in Spain are expected to increase 1.5 percent year-on-year in June 2017, easing from 1.9 percent in May and missing market expectations of 1.6 percent, according to preliminary estimates. It is the lowest inflation rate since November last year, mainly due to a decline in prices of fuel and a slowdown in cost of electricity.
Published on 2017-06-30

Spain Inflation Rate Confirmed At 1.9% In May
Consumer prices in Spain increased by 1.9 percent year-on-year in May 2017, easing from a 2.6 percent gain in April and in line with preliminary estimates. It was the lowest inflation rate since December last year, as prices of fuel and tourist packages dropped. On a monthly basis, consumer prices edged down 0.1 percent compared with an increase of 1 percent in April.
Published on 2017-06-13



Calendar GMT Actual Previous Consensus Forecast (i)
2017-07-13 07:00 AM Jun 1.5% 1.9% 1.5% 1.5%
2017-07-28 07:00 AM Jul 1.5% 1.5% 1.5% 1.4%
2017-08-11 07:00 AM Jul 1.5% 1.5% 1.5% 1.5%
2017-08-30 07:00 AM Aug 1.60%
2017-09-13 07:00 AM Aug
2017-09-28 07:00 AM Sep 1.70%


Spain Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.50 28.43 -1.37 percent [+]
Inflation Rate Mom -0.70 0.00 4.58 -1.90 percent [+]
Harmonised Consumer Prices 100.93 102.22 102.22 53.60 Index Points [+]
Consumer Price Index CPI 101.30 102.05 102.60 1.83 Index Points [+]
Core Consumer Prices 100.90 101.62 101.62 9.42 Index Points [+]
Core Inflation Rate 1.40 1.20 27.10 -0.10 percent [+]
Producer Prices 108.40 108.40 112.90 13.60 Index Points [+]
Producer Prices Change 3.20 5.20 24.60 -6.70 percent [+]
Export Prices 108.70 108.00 113.40 13.70 Index Points [+]
Import Prices 105.70 104.80 116.80 12.20 Index Points [+]
Food Inflation 0.10 0.80 7.20 -2.75 percent [+]
CPI Housing Utilities 102.89 103.13 107.89 66.03 Index Points [+]
CPI Transportation 102.80 102.90 110.76 71.87 Index Points [+]


Spain Inflation Rate Notes

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.50 28.43 -1.37 1955 - 2017 percent Monthly
2011=100



inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.71 Jul/17
Canada 1.00 Jun/17
China 1.40 Jul/17
Euro Area 1.30 Jul/17
France 0.70 Jul/17
Germany 1.70 Jul/17
India 2.36 Jul/17
Indonesia 3.88 Jul/17
Italy 1.10 Jul/17
Japan 0.40 Jun/17
Mexico 6.44 Jul/17
Netherlands 1.30 Jul/17
Russia 3.90 Jul/17
South Korea 2.20 Jul/17
Spain 1.50 Jul/17
Switzerland 0.30 Jul/17
Turkey 9.79 Jul/17
United Kingdom 2.60 Jul/17
United States 1.70 Jul/17