Producer prices in Spain increased 4.5 percent year-on-year in October of 2018, slowing from an upwardly revised 5.3 percent gain in the previous month. It was the lowest producer inflation rate since June, as prices eased for energy (13.0 percent compared to 16.8 percent in September) and intermediate goods (2.5 percent compared to 2.6 percent). On the other hand, cost of capital goods rose faster (1.1 percent compared to 0.9 percent) and prices of consumer goods dropped less (-0.6 percent compared to -0.7 percent). On a monthly basis, producer prices were unchanged, after rising 0.8 percent in the prior month. Producer Prices Change in Spain averaged 5.12 percent from 1976 until 2018, reaching an all time high of 24.60 percent in December of 1977 and a record low of -6.70 percent in July of 2009.
Producer Prices Change in Spain is expected to be 3.70 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 2.00 percent in 2020, according to our econometric models.