Spain Inflation Rate

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.

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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

Recent Releases

Spanish Inflation Rate Drops to 1.7% in November
The annual inflation rate in Spain is expected to decline to 1.7 percent in November of 2018, easing from a 2.3 percent rise in the previous month and below market expectations of a 2 percent gain, the preliminary estimates showed. It was the lowest inflation since April, due to lower prices of eletricity and gas.
Published on 2018-11-29

Spain October Annual Inflation Rate Confirmed at 2.3%
The annual inflation rate in Spain stood at 2.3 percent in October 2018, unchanged from the previous month, matching an earlier estimate and market expectations. Slower prices for housing offset rising cost of transport. Also, inflation was steady for food.
Published on 2018-11-14

Spanish Inflation Rate Steady at 2.3% in October
The annual inflation rate in Spain is expected to stood at 2.3 percent in October of 2018, unchanged from the previous month and matching market expectations, the preliminary estimates showed. Higher prices for gas should be offset by slowing prices of electricity.
Published on 2018-10-30

Spain September Annual Inflation Rate Revised Up to 2.3%
The annual inflation rate in Spain increased to 2.3 percent in September of 2018 from 2.2 percent in August, higher than a preliminary estimate of 2.2 percent and above market expectations of a 2.2 percent gain. It was the highest inflation rate since June, mainly due to cost of housing.
Published on 2018-10-11

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	[+]

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

Export Data API

Country	Last		Previous	Range
Argentina	48.00	Nov/18	45.5	20263 : -7	%
Australia	1.90	Sep/18	2.1	23.9 : -1.3	%
Brazil	4.05	Nov/18	4.56	6821 : 1.65	%
Canada	2.40	Oct/18	2.2	21.6 : -17.8	%
China	2.20	Nov/18	2.5	28.4 : -2.2	%
Euro Area	2.00	Nov/18	2.2	5 : -0.7	%
France	1.90	Nov/18	2.2	18.8 : -0.7	%
Germany	2.30	Nov/18	2.5	11.54 : -7.62	%
India	2.33	Nov/18	3.38	12.17 : 1.54	%
Indonesia	3.23	Nov/18	3.16	82.4 : -1.17	%
Italy	1.60	Nov/18	1.6	25.64 : -0.6	%
Japan	1.40	Oct/18	1.2	24.9 : -2.5	%
Mexico	4.72	Nov/18	4.9	180 : 2.13	%
Netherlands	2.00	Nov/18	2.1	11.19 : -1.3	%
Russia	3.80	Nov/18	3.5	2333 : 2.2	%
Saudi Arabia	2.40	Oct/18	2.1	11.1 : -2	%
Singapore	0.70	Oct/18	0.7	34 : -3.1	%
South Africa	5.20	Nov/18	5.1	20.7 : 0.2	%
South Korea	2.00	Nov/18	2	32.5 : 0.2	%
Spain	1.70	Nov/18	2.3	28.43 : -1.37	%
Switzerland	0.90	Nov/18	1.1	11.92 : -1.4	%
Turkey	21.62	Nov/18	25.24	139 : -4.01	%
United Kingdom	2.40	Oct/18	2.4	8.5 : -0.1	%
United States	2.20	Nov/18	2.5	23.7 : -15.8	%