Spain's consumer prices declined 0.8 percent from a year earlier in October 2020, the most since a 0.9 percent drop seen in May, as domestic demand remained subdued amid the coronavirus crisis. Cost was down for transport (-5.1 percent vs -5.0 percent in September), housing and utilities (-3.6 percent vs -1.4 percent), and recreation and culture (-0.7 percent vs -1.1 percent). At the same time, upward pressure came from food and non-alcoholic beverages (2.3 percent vs 2.4 percent), restaurants and hotels (0.3 percent, the same as in September), clothing and footwear (1.0 percent, the same as in September) and miscellaneous goods and services (1.4 percent vs 1.5 percent). On a monthly basis, consumer prices increased 0.5 percent in October. source: National Statistics Institute (INE)
Inflation Rate in Spain averaged 6.52 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. Spain Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Inflation Rate in Spain is expected to be -0.30 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 and 1.50 percent in 2022, according to our econometric models.