Spain's consumer prices went down 0.5% from a year earlier in December of 2020, easing from a 0.8% decrease in the previous month and matching a preliminary estimate. Prices fell less mostly for housing (-0.1% vs -2.2% in November), due to the increase in the cost of electricity; transport (-4.4% vs -5.1%), amid an increase in costs of fuels & lubricants for personal transport; and communications (-4.1% vs -4.2 %). Also, inflation edged higher for health (0.5% vs 0.4%) and furnishings (0.4% vs 0.2%). Food & non-alcoholic beverages prices slowed (1.1% vs 1.3%t). The harmonised index of consumer prices fell 0.6% over a year earlier, compared with a 0.8% decrease in November, and in line with earlier estimates. On a monthly basis, consumer prices increased 0.2%, the same pace as in November and matching the preliminary estimate; and the harmonised index advanced 0.2%, up from a 0.1% increase in November and slightly above an earlier reading of 0.1%. source: National Statistics Institute (INE)
Inflation Rate in Spain averaged 6.50 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 January of 2021.
Inflation Rate in Spain is expected to be 0.40 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 1.40 in 12 months time. In the long-term, the Spain Inflation Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.