Producer prices in Spain fell 2.8 percent year-on-year in November of 2020, following a 4.1 percent drop in October. It is the lowest producer deflation in nine months amid smaller declines in energy prices (-10 percent) mainly prices of production, transport and distribution of electricity supply. Also, cost of intermediate goods was flat mainly due to chemical products, fertilizers, plastics and synthetic rubber. Meanwhile, cost of nondurable goods went down 0.8 percent on falling cost for processing and preserving meat. On a monthly basis, producer prices went up 0.8 percent. source: National Statistics Institute (INE)
Producer Prices Change in Spain averaged 4.79 percent from 1976 until 2020, reaching an all time high of 24.60 percent in December of 1977 and a record low of -8.80 percent in May of 2020. This page provides the latest reported value for - Spain Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Producer Prices Change in Spain is expected to be -1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Spain to stand at 3.40 in 12 months time. In the long-term, the Spain Producer Prices Change is projected to trend around 2.60 percent in 2021 and 1.90 percent in 2022, according to our econometric models.