Consumer prices in Spain fell 0.1 percent month-over-month in August 2019, following a 0.6 percent decline in the previous month and in line with a preliminary estimate and market expectations. Prices dropped for housing (-1 percent), clothing & footwear (-1.2 percent), recreation & culture (-1.1 percent) and food & non-alcoholic beverages (-0.1 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 0.20 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 0.30 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.