Consumer prices in Spain went up 0.2 percent from a month earlier, following a 1.3 percent decline in January and matching the initial estimate and market expectations. Main upward pressure came from cost of food (0.3 percent vs -0.1 percent), due to vegetables (2.1 percent vs 1.7 percent) and transport (1.5 percent vs 0.3 percent) owing to fuels (3.5 percent vs 0.8 percent) Inflation Rate Mom in Spain averaged 0.52 percent from 1954 until 2019, reaching an all time high of 4.58 percent in May of 1976 and a record low of -1.90 percent in January of 2016.
Inflation Rate Mom 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 Mom in Spain to stand at 0.20 in 12 months time. In the long-term, the Spain Inflation Rate MoM is projected to trend around 0.40 percent in 2020, according to our econometric models.