Spain Inflation Rate  1955-2018 | Data | Chart | Calendar | Forecast

The annual inflation rate in Spain increased to 2.3 percent in September of 2018 from 2.2 percent in August, higher than a preliminary estimate of 2.2 percent and above market expectations of a 2.2 percent gain. It was the highest inflation rate since June, mainly due to cost of housing. Inflation Rate in Spain averaged 6.72 percent from 1955 until 2018, 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.

Spain Inflation Rate
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Spain September Annual Inflation Rate Revised Up to 2.3%


The annual inflation rate in Spain increased to 2.3 percent in September of 2018 from 2.2 percent in August, higher than a preliminary estimate of 2.2 percent and above market expectations of a 2.2 percent gain. It was the highest inflation rate since June, mainly due to cost of housing.

Year-on-year, cost rose faster for housing (5.3 percent compared to 4.3 percent in August), mostly due to higher prices of electricity; restaurants & hotels (1.9 percent compared to 1.8 percent); clothing & footwear (1.0 percent compared to 0.9 percent); health (0.1 percent compared to a flat reading) and education (1.0 percent compared to 0.8 percent). Also, cost of recreation & culture fell at a softer pace (-1.0 percent compared to -1.1 percent).

On the other hand, prices eased for food & non-alcoholic beverages (1.7 percent compared to 2.0 percent), namely fruits and legumes and vegetables; transport (5.0 percent compared to 5.2 percent) and furnishings (0.2 percent compared to 0.3 percent). Additionally, inflation was steady for  miscellaneous goods & services (at 1.0 percent, the same as in August) and communications (at 2.6 percent).

Annual core inflation, which excludes volatile items such as food and energy, remained unchanged at 0.8 percent in September, the same as in the prior month.

On a monthly basis, consumer prices went up 0.2 percent from a 0.1 percent rise in August, matching the preliminary estimate and in line with market expectations. Positive contributions came mainly from clothing & footwear (5.3 percent); housing (1.1 percent) and transport (0.4 percent). In contrast, negative contribution came mostly from recreation & culture (-3.1p percent).

The harmonized index of consumer prices advanced 2.3 percent year-on-year, following a 2.2 percent increase in August and rose 0.2 percent from the previous month.


INE | Stefanie Moya | stefanie.moya@tradingeconomics.com
10/11/2018 7:23:41 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-09-12 07:00 AM Inflation Rate YoY Final 2.2% 2.2% 2.2% 2.2%
2018-09-28 07:00 AM Inflation Rate YoY Prel 2.2% 2.2% 2.2% 2.3%
2018-10-11 07:00 AM Inflation Rate YoY Final 2.3% 2.2% 2.2% 2.2%
2018-10-30 08:00 AM Inflation Rate YoY Prel 2.3% 2.1%
2018-11-14 08:00 AM Inflation Rate YoY Final
2018-11-29 08:00 AM Inflation Rate YoY Prel 2.2%


Spain Prices Last Previous Highest Lowest Unit
Inflation Rate 2.30 2.20 28.43 -1.37 percent [+]
Inflation Rate Mom 0.20 0.10 4.58 -1.90 percent [+]
Harmonised Consumer Prices 104.01 103.38 104.57 53.60 Index Points [+]
Consumer Price Index CPI 104.03 103.78 104.38 1.83 Index Points [+]
Core Consumer Prices 101.85 101.84 102.61 9.42 Index Points [+]
Core Inflation Rate 0.80 0.80 27.10 -0.10 percent [+]
Producer Prices 105.50 105.00 105.50 12.60 Index Points [+]
Producer Prices Change 5.20 4.60 24.60 -6.70 percent [+]
Export Prices 112.80 112.00 113.40 13.70 Index Points [+]
Import Prices 112.20 110.40 116.80 12.20 Index Points [+]
Food Inflation 1.70 2.00 7.20 -2.75 percent [+]
CPI Housing Utilities 108.57 107.41 108.57 66.03 Index Points [+]
CPI Transportation 109.55 109.11 110.76 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.20 28.43 -1.37 1955 - 2018 percent Monthly
2011=100




inflation rate by Country
Country Last
Argentina 40.50 Sep/18
Australia 2.10 Jun/18
Brazil 4.53 Sep/18
Canada 2.80 Aug/18
China 2.50 Sep/18
Euro Area 2.10 Sep/18
France 2.20 Sep/18
Germany 2.30 Sep/18
India 3.77 Sep/18
Indonesia 2.88 Sep/18
Italy 1.40 Sep/18
Japan 1.20 Sep/18
Mexico 5.02 Sep/18
Netherlands 1.90 Sep/18
Russia 3.40 Sep/18
Saudi Arabia 2.20 Aug/18
Singapore 0.70 Aug/18
South Africa 4.90 Aug/18
South Korea 1.90 Sep/18
Spain 2.30 Sep/18
Switzerland 1.00 Sep/18
Turkey 24.52 Sep/18
United Kingdom 2.40 Sep/18
United States 2.30 Sep/18


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