The cost of food and non-alcoholic beverages in Spain accelerated to a record-high of 15.4 percent annually in October of 2022 from 14.4 percent in the previous month. Prices rose the most for flour and cereals (37.8 percent), beef (14.9 percent), and poultry (18.3 percent). On a monthly basis, food costs rose by 2.3 percent, picking up from the 0.5 percent rise in the prior month. source: National Statistics Institute (INE)
Food Inflation in Spain averaged 2.50 percent from 2003 until 2022, reaching an all time high of 15.40 percent in October of 2022 and a record low of -2.75 percent in February of 2010. This page provides the latest reported value for - Spain Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Food Inflation - values, historical data and charts - was last updated on November of 2022.
Food Inflation in Spain is expected to be 17.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Food Inflation is projected to trend around 4.00 percent in 2023 and 1.80 percent in 2024, according to our econometric models.