Annual inflation rate in Spain increased to 1.1 percent in January 2020 from 0.8 percent in the previous month, in line with preliminary estimates. It was the highest inflation since April 2019, mainly due to higher prices of food & non-alcoholic beverages (2.0 percent from 1.7 percent in December); recreation & culture (0.3 percent from 0.1 percent); clothing & footwear (1.1 percent from 0.9 percent) and alcoholic beverages & tobacco (0.5 percent from 0.4 percent). Meantime, inflation was steady for transport (at 4.0 percent); miscellaneous goods & services (at 1.4 percent); restaurant & hotels (at 2.0 percent); health (at 0.5 percent) and education (at 0.9 percent). On a monthly basis, consumer prices dropped 1 percent, after a 0.1 percent decrease in December and also matching earlier estimates.
Inflation Rate in Spain averaged 6.60 percent from 1955 until 2020, 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. source: National Statistics Institute (INE)
Inflation Rate in Spain is expected to be 0.70 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 1.40 percent in 2021, according to our econometric models.