Spain Inflation Rate  1955-2018 | Data | Chart | Calendar | Forecast

The annual inflation rate in Spain fell to 2.2 percent in July of 2018 from 2.3 percent in the previous month, matching the preliminary estimate and in line with market expectations. Prices slowed mainly due to food and non-alcoholic beverages and transport. Inflation Rate in Spain averaged 6.73 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.

Spain Inflation Rate
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Spain Inflation Rate Confirmed at 2.2% in July


The annual inflation rate in Spain fell to 2.2 percent in July of 2018 from 2.3 percent in the previous month, matching the preliminary estimate and in line with market expectations. Prices slowed mainly due to food and non-alcoholic beverages and transport.

Year-on-year, cost eased for food & non-alcoholic beverages (1.8 percent compared to 2.5 percent in June), namely fish & seafood, oil & fats and fruits; transport (5.9 percent compared to 6.1 percent), mostly due to air transportation and fuels & lubricants and health (0.1 percent compared to 0.2 percent). Also, prices of recreation & culture dropped (-0.6 percent compared to 0.6 percent). On the other hand, cost increased faster for housing & utilities (3.7 percent compared to 2.6 percent); restaurants & hotels (2.0 percent compared to 1.7 percent); clothing & footwear (1.0 percent compared to 0.9 percent); furnishings (0.3 percent compared to 0.1 percent); education (0.8 percent compared to 0.7 percent) and communications (2.7 percent compared to 2.2 percent). Additionally, inflation was steady for miscellaneous goods & services (0.9 percent).

Annual core inflation, which excludes volatile items such as food and energy, rose 0.9 percent in July, after a 1.0 percent gain in June.

On a monthly basis, consumer prices decreased 0.7 percent, in line with the preliminary figure and the same as market consensus. Negative contributions came mostly from clothing and footwear (-12.6 percent), food and non-alcoholic beverages (-0.7 percent), furnishings (-0.8 percent) and transport (-0.2 percent).

The harmonized index of consumer prices went up 2.3 percent year-on-year, unchanged from June and declined 1.2 percent from the previous month.


INE | Stefanie Moya | stefanie.moya@tradingeconomics.com
8/14/2018 7:40:30 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-13 07:00 AM Inflation Rate YoY Final 2.3% 2.1% 2.3% 2.3%
2018-07-30 07:00 AM Inflation Rate YoY Prel 2.2% 2.3% 2.3% 2.2%
2018-08-14 07:00 AM Inflation Rate YoY Final 2.2% 2.3% 2.2% 2.2%
2018-08-30 07:00 AM Inflation Rate YoY Prel 2.2% 2.1%
2018-09-12 07:00 AM Inflation Rate YoY Final 2.2%
2018-09-28 07:00 AM Inflation Rate YoY Prel 2%


Spain Prices Last Previous Highest Lowest Unit
Inflation Rate 2.20 2.30 28.43 -1.37 percent [+]
Inflation Rate Mom -0.70 0.30 4.58 -1.90 percent [+]
Harmonised Consumer Prices 103.30 104.57 104.57 53.60 Index Points [+]
Consumer Price Index CPI 103.58 104.40 104.40 1.83 Index Points [+]
Core Consumer Prices 101.76 102.61 102.61 9.42 Index Points [+]
Core Inflation Rate 0.90 1.00 27.10 -0.10 percent [+]
Producer Prices 104.50 103.40 104.60 12.60 Index Points [+]
Producer Prices Change 4.10 3.00 24.60 -6.70 percent [+]
Export Prices 111.90 110.00 113.40 13.70 Index Points [+]
Import Prices 108.80 108.20 116.80 12.20 Index Points [+]
Food Inflation 1.80 2.50 7.20 -2.75 percent [+]
CPI Housing Utilities 106.72 105.78 107.89 66.03 Index Points [+]
CPI Transportation 108.94 109.15 110.76 71.87 Index Points [+]


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. 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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.30 28.43 -1.37 1955 - 2018 percent Monthly
2011=100




inflation rate by Country
Country Last
Australia 2.10 Jun/18
Brazil 4.48 Jul/18
Canada 2.50 Jun/18
China 2.10 Jul/18
Euro Area 2.10 Jul/18
France 2.30 Jul/18
Germany 2.00 Jul/18
India 4.17 Jul/18
Indonesia 3.18 Jul/18
Italy 1.50 Jul/18
Japan 0.70 Jun/18
Mexico 4.81 Jul/18
Netherlands 2.10 Jul/18
Russia 2.50 Jul/18
South Korea 1.50 Jul/18
Spain 2.20 Jul/18
Switzerland 1.20 Jul/18
Turkey 15.85 Jul/18
United Kingdom 2.50 Jul/18
United States 2.90 Jul/18


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