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Spain Consumer Inflation Stalls in February
Consumer prices in Spain were flat year-on-year in February of 2020, slowing from a 0.5 percent rise in January and well below market forecasts of 0.6 percent, preliminary estimates showed. Lower prices for electricity and slowing cost for accommodation and tourist packages offset a rise in fuels and lubricants. On a monthly basis, consumer prices fell 0.6 percent. The harmonised index was down 0.1 percent year-on-year and 0.6 percent on the month.
Published on 2021-02-26

Spain Consumer Prices Rebound in January
Spain's consumer price inflation rate was revised lower to 0.5 percent year-on-year in January 2021, down from a preliminary estimate of 0.6 percent. Still, the latest reading marked the first month of price growth following a nine-month period of deflation, due to the coronavirus crisis. Main upward pressure came from food and non-alcoholic beverages (1.7 percent vs 1.1 percent in December), housing and utilities (3.2 percent vs -0.1 percent), hotels, cafés and restaurants (0.6 percent vs 0.3 percent), recreation and culture (0.1 percent vs -1.6 percent), clothing and footwear (0.9 percent, the same as in December), and miscellaneous goods and services (1.1 percent vs 1.2 percent). On a monthly basis, consumer prices were unchanged in January, after being unchanged in December.
Published on 2021-02-12

Spain Consumer Prices Rise for 1st Time in 11 Months
Consumer prices in Spain are expected to increase 0.6 percent year-on-year in January of 2021, rebounding from a 0.5 percent drop in the previous month, a preliminary estimate showed. It is the first gain in consumer prices since February 2020. The harmonised index of consumer prices is seen rising 0.6 percent over a year ago, compared with a 0.6 percent decrease in December. On a monthly basis, consumer prices are likely to edge up 0.1 percent while the harmonised index should decrease 0.3 percent.
Published on 2021-01-29

Spain Deflation Softens in December
Spain's consumer prices went down 0.5% from a year earlier in December of 2020, easing from a 0.8% decrease in the previous month and matching a preliminary estimate. Prices fell less mostly for housing (-0.1% vs -2.2% in November), due to the increase in the cost of electricity; transport (-4.4% vs -5.1%), amid an increase in costs of fuels & lubricants for personal transport; and communications (-4.1% vs -4.2 %). Also, inflation edged higher for health (0.5% vs 0.4%) and furnishings (0.4% vs 0.2%). Food & non-alcoholic beverages prices slowed (1.1% vs 1.3%t). The harmonised index of consumer prices fell 0.6% over a year earlier, compared with a 0.8% decrease in November, and in line with earlier estimates. On a monthly basis, consumer prices increased 0.2%, the same pace as in November and matching the preliminary estimate; and the harmonised index advanced 0.2%, up from a 0.1% increase in November and slightly above an earlier reading of 0.1%.
Published on 2021-01-15

Spain Consumer Price Deflation Eases in December
Consumer prices in Spain are expected to fall 0.5 percent year-on-year in December 2020, easing from a 0.8 percent decline in the previous month, a preliminary estimate showed. Upward pressure came from electricity, and fuels and lubricants. The harmonised index of consumer prices is seen declining 0.6 percent over a year ago, compared with a 0.8 percent decrease in November. On a monthly basis, consumer prices are likely to rise 0.2 percent for a second consecutive month, and the harmonised index should increase 0.1 percent. The country slipped into deflation in April when the coronavirus pandemic started to hit more the economy.
Published on 2020-12-30

Spain Consumer Prices Fall for 8th Month
Spain's consumer prices decreased 0.8 percent from a year earlier in November of 2020, the same as in the previous month and the most since May, matching a preliminary estimate. Main downward pressure came from prices of transport (-5.1 percent, the same pace as in October); housing & utilities (-2.2 percent vs -3.6 percent), namely electricity; communication (-4.2 percent, the same pace as in October) and recreation & culture (-0.9 percent vs -0.7 percent). At the same time, inflation slowed for food & non-alcoholic beverages (1.3 percent vs 2.3 percent), amid lower prices of fruits and vegetables. The harmonised index of consumer prices went down 0.8 percent over a year earlier, after a 0.9 percent decrease in the prior month, and slightly below a preliminary reading of a 0.9 percent fall. On a monthly basis, consumer prices increased 0.2 percent and the harmonised index advanced 0.1 percent, both matching a preliminary estimate.
Published on 2020-12-11

Spain Consumer Prices Drop for 8th Month
Consumer prices in Spain are expected to fall 0.8 percent year-on-year in November 2020, the same as in the previous month and the most since May, a preliminary estimate showed. The harmonised index of consumer prices is seen declining 0.9 percent over a year ago, the same as in September. On a monthly basis, consumer prices are likely to rise 0.2 percent, easing from a 0.5 percent gain in the prior month; and the harmonised index should increase 0.1 percent, slowing from a 0.1 percent advance. The country slipped into deflation in April when the coronavirus pandemic started to hit more the economy
Published on 2020-11-30

Spain Consumer Price Deflation Deepens in October
Spain's consumer prices declined 0.8 percent from a year earlier in October 2020, the most since a 0.9 percent drop seen in May, as domestic demand remained subdued amid the coronavirus crisis. Cost was down for transport (-5.1 percent vs -5.0 percent in September), housing and utilities (-3.6 percent vs -1.4 percent), and recreation and culture (-0.7 percent vs -1.1 percent). At the same time, upward pressure came from food and non-alcoholic beverages (2.3 percent vs 2.4 percent), restaurants and hotels (0.3 percent, the same as in September), clothing and footwear (1.0 percent, the same as in September) and miscellaneous goods and services (1.4 percent vs 1.5 percent). On a monthly basis, consumer prices increased 0.5 percent in October.
Published on 2020-11-13

Spain CPI Drops the Most in 5 Months
Consumer prices in Spain are expected to decrease 0.9 percent year-on-year in October of 2020, following a 0.4 percent fall in the previous month and compared to market expectations of a 0.6 percent drop, a preliminary estimate showed. It was the steepest fall in consumer prices since May. The harmonised index of consumer prices is seen falling 1 percent over a year ago, after a 0.6 percent decline in September. On a monthly basis, consumer prices are likely to advance 0.5 percent, accelerating from a 0.2 percent gain; and the harmonised index should increase 0.3 percent, following a 0.4 percent rise. The country slipped into deflation in April when the coronavirus crisis started to hit more the economy.
Published on 2020-10-29

Spain Consumer Prices Fall at a Softer Pace in September
Consumer prices in Spain dropped 0.4 percent year-on-year in September 2020, following a 0.5 percent fall in August and matching a preliminary estimate. Prices declined less for housing & utilities (-1.4% vs -2.7% in August); and recreation & culture (-1.1% vs -2.1%). Also, cost of food & non-alcoholic beverages rose further (2.4% vs 2.2%). Meanwhile, prices dropped at a faster pace for transportation (-5% vs -4.4%) and communications (-1.4% vs -1.2%). In addition, cost of health slowed (0.4% vs 0.5%) while inflation was steady for alcoholic beverages & tobacco (at 0.5%). The harmonised index of consumer prices went down 0.6% over a year earlier, the same as in the prior month, in line with a preliminary estimate. On a monthly basis, consumer prices increased 0.2% and the harmonised index advanced 0.4%, both matching a preliminary estimate. The prices of the products included in the COVID-19 special goods group were unchanged in September, while those of services rose 0.6%.
Published on 2020-10-14

Spain CPI Falls Less than Expected in September
Consumer prices in Spain are expected to drop 0.4 percent year-on-year in September of 2020, following a 0.5 percent decrease in August and compared with market expectations of a 0.5 percent fall, a preliminary estimate showed. The harmonised index of consumer prices is seen dropping 0.6 percent over a year ago, the same as in the previous month. On a monthly basis, consumer prices are expected to increase 0.2 percent, while the harmonised index is expected to edge up 0.1 percent. The country slipped into deflation in April when the coronavirus crisis started to hit more the economy.
Published on 2020-09-29

Spain Consumer Prices Drop for 5th Month
Consumer prices in Spain fell 0.5% year-on-year in August of 2020, following a 0.6% decrease in the prior month, matching a preliminary estimate. It was the fifth consecutive month of deflation, as prices continued to fall for housing & utilities (-2.7% vs -3.9% in July); transportation (-4.4% vs -4.5%); recreation & culture (-2.1% vs -1.1%) and communications (-1.2%, the same pace as in July). Meantime, inflation remained steady for food & non-alcoholic beverages (at 2.2%); alcoholic beverages & tobacco (at 0.5%) and health (at 0.5%). The harmonised index of consumer prices decreased 0.6% over a year earlier, after declining 0.7% in July, in line with a preliminary estimate. On a monthly basis, both consumer prices and the harmonised index were flat, matching a preliminary estimate. The prices of the products included in the COVID-19 special goods group went up 0.1% over a month earlier in August, while those of services rose 0.2%.
Published on 2020-09-11

Spain Consumer Prices Fall for 5th Month
Spain's consumer prices are expected to fall 0.5 percent year-on-year in August of 2020, following a 0.6 percent decrease in the prior month and in line with market expectations, a preliminary estimate showed. The harmonised index of consumer prices is seen dropping 0.6 percent over a year ago, after declining 0.7 percent in July. On a monthly basis, both consumer prices and the harmonised index are set to be flat. The country slipped into deflation in April when the coronavirus crisis started to hit more the economy.
Published on 2020-08-31

Spain Consumer Prices Fall for 4th Month
Consumer prices in Spain fell 0.6 percent year-on-year in July 2020, following a 0.3 percent drop in the previous month, matching a preliminary estimate. Prices declined further for housing & utilities (-3.9% vs -3.8% in June); and recreation & culture (-1.1% vs -0.3%). Also, cost of communications dropped (-1.2% vs 0.7%) and inflation slowed for food & non-alcoholic beverages (2.2% vs 2.8%); restaurants & hotels (0.3% vs 1.8%) and alcoholic beverages & tobacco (0.5% vs 0.7%). Meanwhile, cost of transport fell at a softer pace (-4.5% vs -5.2%). The harmonised index of consumer prices decreased 0.7 percent over a year earlier, after falling 0.3 percent in June. On a monthly basis, consumer prices went down 0.9 percent and the harmonised index dropped 1.6 percent. The prices of the products included in the COVID-19 special goods group fell 0.7 percent over a month earlier in June, while those of services were unchanged.
Published on 2020-08-13

Spain CPI Falls More than Expected in July
Spain's consumer prices is expected to fall 0.6 percent from a year earlier in July 2020, following a 0.3 percent decline in the previous month and compared to market expectations of a 0.3 percent decrease, a preliminary estimate showed. The country slipped into deflation in April as the coronavirus pandemic hit the economy.
Published on 2020-07-30

Spain Consumer Prices Drop for 3rd Month
Consumer prices in Spain dropped 0.3 percent year-on-year in June 2020 following a 0.9 percent decline in the previous month, in line with a preliminary estimate. Prices fell at a softer pace for transport (-5.2% vs -8% in May); and housing & utilities (-3.8% vs -6%). On the other hand, cost slowed for food & non-alcoholic beverages (2.8% vs 3.5%); clothing & footwear (0.2% vs 0.4%); furnishings & household equipment (0.2% vs 0.4%): and miscellaneous goods & services (1.4% vs 1.6%). The harmonised index of consumer prices decreased 0.3 percent over a year earlier, after declining 0.9 percent in May. On a monthly basis, consumer prices went up 0.5 percent and the harmonised index increased 0.4 percent. The prices of the products included in the COVID-19 special goods group went down 0.3 percent over a month earlier in June, while those of services advanced 1.2 percent.
Published on 2020-07-14

Spain Consumer Prices Fall for 3rd Month
Consumer prices in Spain are expected to fall 0.3 percent year-on-year in June 2020, following a 0.9 percent decrease in the previous month, a preliminary estimate showed. The harmonised index of consumer prices is seeing dropping 0.3 percent over a year earlier, after declining 0.9 percent in May. On a monthly basis, consumer prices will likely rise 0.5 percent and the harmonised index is expected to increase 0.4 percent. The prices of the products included in the COVID-19 special goods group went down 0.2 percent over a month earlier in June, while those of services edged up 1.2 percent.
Published on 2020-06-29

Spain Consumer Prices Fall Less than Initially Thought
Consumer prices in Spain fell 0.9 percent year-on-year in May of 2020, following a 0.7 percent drop in the previous month and compared to preliminary estimates of a 1 percent decline. Prices continued to drop for transport (-8% vs -6.8% in May); housing & utilities (-6% vs -6.6%) and recreation & culture (-0.1%, the same as in April). Also, cost eased for food & non-alcoholic beverages (3.5% vs 4%); clothing & footwear (0.9% vs 1%); communication (0.4% vs 0.7%) and education (0.8% vs 0.9%). The harmonised index of consumer prices went down 0.9 percent from a year earlier, faster than a 0.7 percent drop. On a monthly basis, consumer prices showed no growth, in line with earlier estimates. The prices of the products included in the COVID-19 special goods group services showed no growth from a month earlier in May, after increasing 1.1 percent. Also, those of services were unchanged, following a 1.5 percent decrease in April.
Published on 2020-06-12

Spain Consumer Prices Fall Faster than Expected
Consumer prices in Spain are expected to drop 1 percent year-on-year in May of 2020, following a 0.7 percent fall in the previous month and compared to market expectations of a 0.9 percent decrease. The harmonised index of consumer prices is seen declining 0.9 percent from a year earlier, faster than a 0.7 percent drop. On a monthly basis, both consumer prices and the harmonised index are expected to show no growth, in line with forecasts. The prices of the products included in the COVID-19 special goods group went up 0.1 percent over a month earlier in May, while those of services decreased 0.2 percent.
Published on 2020-05-28

Spain Consumer Prices Drop for 1st time in Over 3 Years
Consumer prices in Spain fell 0.7 percent year-on-year in April 2020, following a flat reading in the previous month in line with preliminary estimates. It was the first decline in consumer prices since August 2016. The harmonised index of consumer prices declined 0.7 percent from a year earlier, compared to earlier estimates of a 0.6 percent drop. On a monthly basis, consumer prices went up 0.3 percent, while the harmonised index increased 0.4 percent. The prices of the products included in the COVID-19 special goods group went up 1.1 percent over a month earlier in April, while those of services decreased 1.5 percent.
Published on 2020-05-14