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.

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Spain Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.20 28.43 -1.37 1955 - 2021 percent Monthly
2011=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-29 07:00 AM Inflation Rate YoY Prel Apr 2.2% 1.3% 1.9% 1.8%
2021-05-14 07:00 AM Inflation Rate YoY Final Apr 2.2% 1.3% 2.2% 2.2%
2021-05-31 07:00 AM Inflation Rate YoY Prel May 2.7% 2.2% 2.6%
2021-06-11 07:00 AM Inflation Rate YoY Final May 2.7% 2.2% 2.7% 2.7%
2021-06-29 07:00 AM Inflation Rate YoY Prel Jun 2.7%
2021-07-14 07:00 AM Inflation Rate YoY Final Jun 2.7%
2021-07-29 07:00 AM Inflation Rate YoY Prel Jul
2021-08-13 07:00 AM Inflation Rate YoY Final Jul


News Stream
Spain Inflation Rate Confirmed at Over 4-Year High of 2.7%
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.
2021-06-11
Spain Inflation Rate Picks Up to Over 4-Year High of 2.7%
The annual inflation rate in Spain is expected to accelerate to 2.7 percent in May of 2021 from 2.2 percent in the previous month, a preliminary estimate showed. It is the highest inflation rate since February 2017 when it was 3 percent, mainly due to an increase in fuels and oil prices, compared to the decreases recorded in May of the past year. Meanwhile, the annual core inflation, which excludes volatile prices of food and energy, is likely to went up to 0.2 percent after being flat in April. The harmonised index of consumer prices is seen rising 2.4 percent over a year ago, compared with a 2 percent advance in the prior month. On a monthly basis, consumer prices are seen increasing 0.4 percent in May and the harmonised index should rise 0.5 percent.
2021-05-31
Spain Inflation Rate Confirmed at 2-1/2-Year High
Spain's consumer prices rose 2.2% from a year earlier in April of 2021, the most since October of 2018 and matching a preliminary estimate. Main upward pressure came from prices of housing (10% vs 4.3% in March), namely electricity (36.9% vs 14.6%) amid greater demand from businesses and soaring gas prices; and transport (7.4% vs 3.8%), of which fuels such as diesel (16.5% vs 6.8%) and petrol (20.2% vs 8.9%). On the other hand, inflation slowed for food & non-alcoholic beverages (0.3% vs 1.4%), while costs decreased mostly for communications (-4.6% vs -4.9%); recreation & culture (-1.2% vs -0.2%) and hotels, cafes & restaurants (-0.5% vs flat reading). On a monthly basis, consumer prices went up 1.2%, the most since April of 2012 and matching an earlier estimate; and the harmonised index advanced 2%, after a 1.2% rise in March and slightly above a preliminary reading of 1.9%.
2021-05-14
Spain Inflation Rate Rises to Highest Since 2018
The annual inflation rate in Spain is expected to rise to 2.2 percent in April of 2021 from 1.3 percent in the previous month, above market expectations of 1.9 percent, a preliminary estimate showed. It is the highest inflation rate since October of 2018, mainly due to the increase in electricity prices and the stability of fuels and oil prices, compared to the decreases recorded in April of the past year. Meanwhile, the annual core inflation, which excludes volatile prices of food and energy, is likely to show no growth, after increasing 0.3 percent in each of the previous two months. On a monthly basis, consumer prices are seen increasing 1.2 percent in April.
2021-04-29

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.