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.


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Spain Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.80 28.43 -1.37 1955 - 2020 percent Monthly
2011=100


Calendar GMT Actual Previous Consensus TEForecast
2019-12-30 08:00 AM Inflation Rate YoY Prel Dec 0.8% 0.4% 0.9% 0.8%
2020-01-15 08:00 AM Inflation Rate YoY Final Dec 0.8% 0.4% 0.8% 0.8%
2020-01-31 08:00 AM Inflation Rate YoY Prel Jan 1.1% 0.8% 1% 0.9%
2020-02-14 08:00 AM Inflation Rate YoY Final Jan 1.1% 0.8% 1.1% 1.1%
2020-02-27 08:00 AM Inflation Rate YoY Prel Feb 1.1% 1.2%
2020-03-13 08:00 AM Inflation Rate YoY Final Feb 1.1%
2020-03-30 07:00 AM Inflation Rate YoY Prel Mar 1%
2020-04-15 07:00 AM Inflation Rate YoY Final Mar 1%


News Stream
Spain Inflation Rate Confirmed at 9-Month High
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.
2020-02-14
Spain Inflation Rate Rises to 9-Month High of 1.1%
Annual inflation rate in Spain is expected to increase to 1.1 percent in January 2020 from 0.8 percent in the previous month and above market expectations of 1 percent, a preliminary estimate showed. It was the highest inflation rate since April 2019, mainly due to higher prices of electricity and food and non-alcoholic beverages. On a monthly basis, consumer prices are set to decline 1 percent, after decreasing 0.1 percent in December. The EU-harmonised index is seeing to advance 1.1 percent year-on-year, after a 0.8 percent rise in the prior month and above market consensus of 1 percent. Compared to the previous month, the index should slump 1.4 percent, after a 0.1 percent drop in the previous month.
2020-01-31
Spain Inflation Rate Confirmed at 7-Month High in December
Annual inflation rate in Spain increased to 0.8 percent in December of 2019 from 0.4 percent in November and in line with the preliminary figures. It is the highest inflation rate in seven months. The biggest upward pressure came from prices of transport (4 percent), as cost of fuels and lubricants rose in 2019 compared to a fall in the previous year. Prices also went up for air transportation. Other rises were seen in cost of food and non-alcoholic beverages (1.7 percent); hotels, cafes and restaurants (2 percent); recreation and culture (0.1 percent); miscellaneous goods and services (1.4 percent); clothing and footwear (0.9 percent); health (0.5 percent); communication (0.7 percent); and education (0.9 percent). On the other hand, downward pressure came from cost of housing (-5 percent), due to a fall in electricity prices. The monthly rate fell to -0.1 percent from 0.2 percent.
2020-01-15
Spain Inflation Rate Picks Up to 7-Month High
The annual inflation rate in Spain is expected to rise to 0.8 percent in December 2019 from 0.4 percent in the previous month and slightly below market estimates of 0.9 percent. It is the highest inflation rate since May, mainly driven by fuel prices while electricity tariffs should decrease, preliminary figures showed.
2019-12-30

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.