Spain's consumer prices rose 2.7% from a year earlier in April of 2021, the most since February of 2017 and matching a preliminary estimate. Main upward pressure came from prices of transport (9.4 percent vs 7.4 percent in April), of which fuels such as diesel (21.4 percent vs 16.5 percent) and petrol (24.2 percent vs 20.2 percent) and housing (10.4 percent vs 10 percent), namely electricity, gas and other fuels (25.5 percent vs 24.7 percent). Costs also advanced slightly faster for food & non-alcoholic beverages (0.8 percent vs 0.3 percent). The harmonised index of consumer prices rose 2.4 percent over a year ago, compared with a 2 percent advance in the prior month. On a monthly basis, consumer prices increased 0.5 percent in May and the harmonised index also went up 0.5 percent. source: National Statistics Institute (INE)
Inflation Rate in Spain averaged 6.47 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 June of 2021.
Inflation Rate 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 Inflation Rate in Spain to stand at 1.10 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.