Spain's annual core inflation, which excludes volatile items such as food and energy, eased to 0.7 percent in February 2019 from 0.8 percent in January. It is the lowest rate since July 2016. Core Inflation Rate in Spain averaged 5.89 percent from 1977 until 2019, reaching an all time high of 27.10 percent in September of 1977 and a record low of -0.10 percent in April of 2010.
Core Inflation Rate in Spain is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Spain to stand at 1.70 in 12 months time. In the long-term, the Spain Core Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.