Consumer prices in Spain went up 0.2 percent month-over-month in May 2019, after a 1 percent rise in the previous month and in line with a flash estimate and market consensus. Prices slowed mainly for clothing & footwear (2.4 percent vs 10.5 percent) and transport (0.5 percent vs 1.3 percent) while they decreased for housing & utilities (-0.5 percent vs -0.2 percent), amid lower cost of electricity (-2.4 percent vs 0.8 percent). Inflation Rate Mom in Spain averaged 0.52 percent from 1954 until 2019, reaching an all time high of 4.58 percent in May of 1976 and a record low of -1.90 percent in January of 2016.
Inflation Rate Mom in Spain is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Spain to stand at 0.40 in 12 months time. In the long-term, the Spain Inflation Rate MoM is projected to trend around 0.40 percent in 2020, according to our econometric models.