Spain's producer prices fell 0.8 percent year-on-year in July 2019, the same pace as in the previous month. Cost of intermediate goods declined further goods (-0.6 percent vs -0.4 percent in June) and capital goods prices slowed (1.0 percent vs 1.1 percent). On the other hand, cost of energy dropped less (-2.8 percent vs -3.0 percent) and prices of consumer goods increased at a faster pace (0.4 percent vs 0.3 percent). On a monthly basis, producer prices went up 0.5 percent, rebounding from an upwardly 1.1 percent fall in the prior month. Producer Prices Change in Spain averaged 5.07 percent from 1976 until 2019, 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 -1.20 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 0.90 in 12 months time. In the long-term, the Spain Producer Prices Change is projected to trend around 1.90 percent in 2020, according to our econometric models.