The annual inflation rate in Spain fell to 1.2 percent in December of 2018 from 1.7 percent in the previous month matching a preliminary estimate and market expectations. It remained the lowest inflation rate since April, mostly due to a slowdown in cost of transport and food and non-alcoholic beverages. Inflation Rate in Spain averaged 6.70 percent from 1955 until 2018, reaching an all time high of 28.43 percent in August of 1977 and a record low of -1.37 percent in July of 2009.
Inflation Rate in Spain is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Spain to stand at 2.10 in 12 months time. In the long-term, the Spain Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models.