Spain’s producer inflation rate rose to 2.4 percent in March 2019 from a downwardly revised 1.7 percent in the previous month. Prices went up further for energy (7.9 percent from 5.1 percent in February). Also, cost of non-durable goods dropped less (-0.9 percent from -1.0 percent). On the other hand, inflation was steady for durable consumer goods (1.1 percent, the same as in February); and intermediate goods (0.8 percent) while cost of capital goods slowed (0.7 percent from 0.9 percent). Producer Prices Change in Spain averaged 5.09 percent from 1976 until 2019, reaching an all time high of 24.60 percent in December of 1977 and a record low of -6.70 percent in July of 2009.
Producer Prices Change in Spain is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Spain to stand at 2.00 in 12 months time. In the long-term, the Spain Producer Prices Change is projected to trend around 2.00 percent in 2020, according to our econometric models.