Spain's producer prices dropped 3.5 percent from a year earlier in August 2020, easing from a 4.8 percent decline in the previous month, as cost fell at a softer pace for energy products (-10.1 percent vs -13.9 percent in July) and intermediate goods (-1.8 percent vs -2.1 percent). At the same time, inflation picked up for capital goods (0.8 percent vs 0.7 percent) and was unchanged for consumer goods (at 0.4 percent). On a monthly basis, producer prices were down 0.2 percent.
Producer Prices Change in Spain averaged 4.84 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 September of 2020. source: National Statistics Institute (INE)
Producer Prices Change in Spain is expected to be -4.30 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 2.30 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.