Spain's annual inflation rate likely rose to 5.6 percent in November of 2021, from 5.4 percent in the previous month and in line with market expectations, according to preliminary estimates. It was the steepest hike in consumer prices since September of 1992, of which food inflation as well as price increases in vehicle fuels and lubricants stood out. The annual core inflation rate, which excludes volatile items such as unprocessed food and energy products, likely rose to a record 1.7 percent in November, from 1.4 percent in October. On a monthly basis, consumer prices are expected to advance by 0.4 percent, slowing markedly from a downwardly revised 1.8 percent advance in the prior month. source: National Statistics Institute (INE)

Inflation Rate in Spain averaged 6.45 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 November of 2021.

Inflation Rate in Spain is expected to be 5.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Inflation Rate is projected to trend around 0.80 percent in 2022 and 1.00 percent in 2023, according to our econometric models.

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Spain Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-11-12 08:00 AM Inflation Rate YoY Final Oct 5.4% 4% 5.5% 5.5%
2021-11-29 08:00 AM Inflation Rate YoY Prel Nov 5.6% 5.4% 5.6% 5.5%
2021-12-15 08:00 AM Inflation Rate YoY Final Nov 5.4% 5.6% 5.6%


Related Last Previous Unit Reference
Inflation Rate 5.60 5.40 percent Nov/21
Inflation Rate Mom 0.40 1.80 percent Nov/21
Harmonised Consumer Prices 109.94 109.60 points Nov/21
Consumer Price Index CPI 110.30 109.87 points Nov/21
Core Inflation Rate 1.70 1.40 percent Nov/21
Core Consumer Prices 105.36 104.33 points Oct/21
Producer Prices 130.50 123.10 points Oct/21
Producer Prices Change 31.90 23.80 percent Oct/21
Food Inflation 1.70 1.80 percent Oct/21
CPI Transportation 116.52 114.27 points Oct/21
CPI Housing Utilities 121.32 116.69 points Oct/21

News Stream
Spain Inflation Rate Quickens to New 29-Year High
Spain's annual inflation rate likely rose to 5.6 percent in November of 2021, from 5.4 percent in the previous month and in line with market expectations, according to preliminary estimates. It was the steepest hike in consumer prices since September of 1992, of which food inflation as well as price increases in vehicle fuels and lubricants stood out. The annual core inflation rate, which excludes volatile items such as unprocessed food and energy products, likely rose to a record 1.7 percent in November, from 1.4 percent in October. On a monthly basis, consumer prices are expected to advance by 0.4 percent, slowing markedly from a downwardly revised 1.8 percent advance in the prior month.
2021-11-29
Spain October Inflation Rate Steepest since 1992
Spain's annual inflation quickened for a fourth straight month to 5.4% in October of 2021, its highest since September of 1992, slightly below a preliminary estimate of 5.5%. Main upward pressure came from prices of housing & utilities (20.5% vs 14.5% in September), amid soaring gas and electricity costs; transport (12.3% vs 9.8%), of which fuels; and restaurants & hotels (2% vs 1.4%). The annual core inflation, which strips out volatile food and energy prices, rose to a record 1.4% in October, from 1.0% in September. On a monthly basis, consumer prices advanced by 1.8%, the fastest pace since January of 1986, compared to an earlier estimate of 2%, due to an acceleration in prices of clothing & footwear (11.1% vs 5.3%), housing (4% vs 3.5%) and transport (2% vs 0.5%).
2021-11-12
Spain Inflation Rate Jumps to 29-Year High
Spain's annual inflation rate likely jumped to 5.5 percent in October of 2021, from 4.0 percent in the previous month, well above market expectations of 4.5 percent, according to preliminary estimates. It was the steepest hike in consumer prices since September of 1992, amid the ongoing surge in energy prices, of which electricity and natural gas contributed significantly to the rise, as well as vehicles fuels and lubricants. The annual core inflation rate, which excludes volatile items such as unprocessed food and energy products, likely rose to a record 1.4 percent in October, from 1.0 percent in September. On a monthly basis, consumer prices are expected to advance by 2.0 percent, the most since January of 1986, following a 0.8 percent increase in September and above market estimates of 1.2 percent.
2021-10-28

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.