The annual inflation rate in Spain fell to 0.3 percent in August 2019 from 0.5 percent in the previous month and in line with market expectations and a preliminary reading, final data showed. It was the lowest inflation rate since September 2016, amid a slowdown in cost of electricity. Inflation Rate in Spain averaged 6.64 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 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 0.90 in 12 months time. In the long-term, the Spain Inflation Rate is projected to trend around 1.60 percent in 2020, according to our econometric models.

Spain Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-07-29 07:00 AM Inflation Rate YoY Prel Jul 0.5% 0.4% 0.5% 0.6%
2019-08-13 07:00 AM Inflation Rate YoY Final Jul 0.5% 0.4% 0.5% 0.5%
2019-08-29 07:00 AM Inflation Rate YoY Prel Aug 0.3% 0.5% 0.4% 0.6%
2019-09-13 07:00 AM Inflation Rate YoY Final Aug 0.3% 0.5% 0.3% 0.3%
2019-09-30 07:00 AM Inflation Rate YoY Prel Sep 0.3% 0.3%
2019-10-11 07:00 AM Inflation Rate YoY Final Sep 0.3%
2019-10-30 08:00 AM Inflation Rate YoY Prel Oct



Spain August Inflation Rate Confirmed at Nearly 3-Year Low

The annual inflation rate in Spain fell to 0.3 percent in August 2019 from 0.5 percent in the previous month and in line with market expectations and a preliminary reading, final data showed. It was the lowest inflation rate since September 2016, amid a slowdown in cost of transport and a further fall in housing prices, namely electricity .

Year-on-year, prices eased for transport (0.2 percent from 0.5 percent in July); and restaurants & hotels (1.9 percent from 2.0 percent). Also, cost of housing & utilities dropped 3.3 percent, after declining 1.7 percent in July, in particular electricity (-3.7 percent). On the other hand, prices of food & non-alcoholic beverage advanced further (1 percent from 0.9 percent) and cost of recreation & culture rebounded (0.1 percent from -0.3 percent). Additionally, inflation was steady for clothing & footwear (at 0.9 percent); and miscellaneous goods & services (at 1.3 percent); education (at 1 percent). 

Annual core inflation, which excludes volatile items such as unprocessed food and energy, stood at 0.9 percent.

On a monthly basis, consumer prices went down 0.1 percent, following a 0.6 percent fall in the previous month, in line with a flash estimate and market forecasts, mostly due to housing (-1 percent), clothing & footwear (-1.2 percent), recreation & culture (-1.1 percent) and food & non-alcoholic beverages (-0.1 percent).

The EU-harmonised index increased 0.4 percent over a year earlier (vs 0.6 percent in July), but declined 0.1 percent from the previous month (vs -1.1 percent in July).


INE | Stefanie Moya | stefanie.moya@tradingeconomics.com
9/13/2019 7:43:38 AM



Spain Prices Last Previous Highest Lowest Unit
Inflation Rate 0.30 0.50 28.43 -1.37 percent [+]
Inflation Rate Mom -0.10 -0.60 4.58 -1.90 percent [+]
Consumer Price Index CPI 104.12 104.17 104.99 1.83 Index Points [+]
Harmonised Consumer Prices 103.87 103.98 105.31 53.60 Index Points [+]
Core Consumer Prices 102.79 102.64 103.49 9.42 Index Points [+]
Core Inflation Rate 0.90 0.90 27.10 -0.10 percent [+]
Producer Prices 104.20 103.60 106.30 12.60 Index Points [+]
Producer Prices Change -0.80 -0.80 24.60 -6.70 percent [+]
Export Prices 111.30 111.00 114.40 13.70 Index Points [+]
Import Prices 108.70 109.40 116.80 12.20 Index Points [+]
Food Inflation 1.00 0.90 7.20 -2.75 percent [+]
CPI Housing Utilities 103.91 104.90 108.68 66.03 Index Points [+]
CPI Transportation 109.37 109.48 110.76 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.50 28.43 -1.37 1955 - 2019 percent Monthly
2011=100




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 3.43 Aug/19
Canada 1.90 Aug/19
China 2.80 Aug/19
Euro Area 1.00 Aug/19
France 1.00 Aug/19
Germany 1.40 Aug/19
India 3.21 Aug/19
Indonesia 3.49 Aug/19
Italy 0.40 Aug/19
Japan 0.30 Aug/19
Mexico 3.16 Aug/19
Netherlands 2.80 Aug/19
Russia 4.30 Aug/19
Saudi Arabia -1.30 Jul/19
Singapore 0.40 Jul/19
South Africa 4.30 Aug/19
South Korea 0.00 Aug/19
Spain 0.30 Aug/19
Switzerland 0.30 Aug/19
Turkey 15.01 Aug/19
United Kingdom 1.70 Aug/19
United States 1.70 Aug/19


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