The annual inflation rate in Spain edged up to 1.3 percent in March of 2019 from 1.1 percent in the previous month, matching a preliminary estimate and market expectations. Prices advanced faster mainly for transport and housing. Inflation Rate in Spain averaged 6.67 percent from 1955 until 2019, 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.

Inflation Rate in Spain is expected to be 1.40 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 1.80 in 12 months time. In the long-term, the Spain Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.

Spain Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-28 08:00 AM Inflation Rate YoY Prel 1.1% 1% 1.1% 1.1%
2019-03-13 08:00 AM Inflation Rate YoY Final 1.1% 1% 1.1% 1.1%
2019-03-28 08:00 AM Inflation Rate YoY Prel 1.3% 1.1% 1.3% 1.2%
2019-04-12 07:00 AM Inflation Rate YoY Final 1.3% 1.1% 1.3% 1.3%
2019-04-30 07:00 AM Inflation Rate YoY Prel 1.3% 1.2% 1.2%
2019-05-14 07:00 AM Inflation Rate YoY Final
2019-05-30 07:00 AM Inflation Rate YoY Prel



Spain Inflation Rate Confirmed at 1.3% in March

The annual inflation rate in Spain edged up to 1.3 percent in March of 2019 from 1.1 percent in the previous month, matching a preliminary estimate and market expectations. Prices advanced faster mainly for transport and housing.

Year-on-year prices rose faster for transport (3.0 percent vs 1.8 percent in February), mostly due to fuels (6.3 percent vs 4.2 percent); housing & utilities (2.1 percent vs 0.9 percent), driven by electricity & gas (3.6 percent vs 0.7 percent); miscellaneous goods & services (1.5 percent vs 1.4 percent) and for clothing & footwear (0.9 percent vs 0.8 percent).

On the other hand, cost slowed for food & non-alcoholic beverages (0.9 percent vs 1.4 percent), led by fresh pulses & vegetables (5.9 percent vs 7.8 percent); communications (1.4 percent vs 1.5 percent) and alcoholic beverages & tobacco (1.0 percent vs 1.2 percent). Also, inflation was steady for hotels, cafes & restaurants (at 1.8 percent); health (at 0.9 percent); education (at 1 percent) and furnishings (at 0.6 percent). Meantime, prices for recreation & culture continued to fall (-1.6 percent, the same pace as in February).

Annual core inflation, which excludes volatile items such as food and energy, came at 0.7 percent, the same as in February. It was the lowest rate since July 2016.

On a monthly basis, consumer prices rose 0.4 percent, following a 0.2 percent gain in February and matching an earlier estimate and market expectations. In particular, cost for clothing & footwear rebounded sharply (4.4 percent vs -1.5 percent), due to the beginning of the new season.

The harmonized index of consumer prices advanced 1.3 percent year-on-year (from 1.1 percent in February), and increased 1.4 percent from the previous month (from 0.2 percent in February).


INE | Rafael Gonzalez | rafael.gonzalez@tradingeconomics.com
4/12/2019 8:32:04 AM



Spain Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.10 28.43 -1.37 percent [+]
Inflation Rate Mom 0.40 0.20 4.58 -1.90 percent [+]
Consumer Price Index CPI 103.66 103.32 104.99 1.83 Index Points [+]
Harmonised Consumer Prices 103.92 102.47 104.77 53.60 Index Points [+]
Core Consumer Prices 102.04 101.51 102.93 9.42 Index Points [+]
Core Inflation Rate 0.70 0.70 27.10 -0.10 percent [+]
Producer Prices 104.50 104.30 106.30 12.60 Index Points [+]
Producer Prices Change 1.90 1.70 24.60 -6.70 percent [+]
Export Prices 111.70 111.90 114.40 13.70 Index Points [+]
Import Prices 109.50 112.70 116.80 12.20 Index Points [+]
Food Inflation 0.90 1.40 7.20 -2.75 percent [+]
CPI Housing Utilities 105.63 106.48 108.68 66.03 Index Points [+]
CPI Transportation 108.78 107.59 110.76 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.10 28.43 -1.37 1955 - 2019 percent Monthly
2011=100




Country Last Previous
Argentina 54.70 Mar/19
Australia 1.80 Dec/18
Brazil 4.58 Mar/19
Canada 1.90 Mar/19
China 2.30 Mar/19
Euro Area 1.40 Mar/19
France 1.10 Mar/19
Germany 1.30 Mar/19
India 2.86 Mar/19
Indonesia 2.48 Mar/19
Italy 1.00 Mar/19
Japan 0.50 Mar/19
Mexico 4.00 Mar/19
Netherlands 2.80 Mar/19
Russia 5.30 Mar/19
Saudi Arabia -2.20 Feb/19
Singapore 0.50 Feb/19
South Africa 4.50 Mar/19
South Korea 0.40 Mar/19
Spain 1.30 Mar/19
Switzerland 0.70 Mar/19
Turkey 19.71 Mar/19
United Kingdom 1.90 Mar/19
United States 1.90 Mar/19


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