Spain's annual inflation rate rose to 2.9 percent in July of 2021, from 2.7 percent in the previous month and beat market expectations of 2.5 percent, according to a preliminary estimate. It is expected to be the highest consumer price inflation in the country since February of 2017. Main upward pressures were seen in prices of accommodation services and gas, reflecting low base year effects. The annual core inflation rate, which excludes volatile items such as unprocessed food and energy products, climbed to 0.6 percent in July, from 0.2 percent in the prior month. On a monthly basis, consumer prices are expected to fall 0.7 percent, the steepest decrease since July of 2020, after a 0.5 percent gain in June. source: National Statistics Institute (INE)

Inflation Rate in Spain averaged 6.46 percent from 1955 until 2021, 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. This page provides the latest reported value for - Spain Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.

Inflation Rate in Spain is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Inflation Rate is projected to trend around 1.10 percent in 2022 and 1.70 percent in 2023, according to our econometric models.

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Spain Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.70 28.43 -1.37 1955 - 2021 percent Monthly
2011=100


Calendar GMT Actual Previous Consensus TEForecast
2021-06-11 07:00 AM Inflation Rate YoY Final May 2.7% 2.2% 2.7% 2.7%
2021-06-29 07:00 AM Inflation Rate YoY Prel Jun 2.6% 2.7% 2.7% 2.6%
2021-07-14 07:00 AM Inflation Rate YoY Final Jun 2.7% 2.7% 2.6% 2.6%
2021-07-29 07:00 AM Inflation Rate YoY Prel Jul 2.9% 2.7% 2.5% 3.1%
2021-08-13 07:00 AM Inflation Rate YoY Final Jul 2.7% 2.9% 2.9%
2021-08-30 07:00 AM Inflation Rate YoY Prel Aug
2021-09-14 07:00 AM Inflation Rate YoY Final Aug
2021-09-29 07:00 AM Inflation Rate YoY Prel Sep
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Spain Inflation Rate at 4-1/2-Year High
Spain's annual inflation rate rose to 2.9 percent in July of 2021, from 2.7 percent in the previous month and beat market expectations of 2.5 percent, according to a preliminary estimate. It is expected to be the highest consumer price inflation in the country since February of 2017. Main upward pressures were seen in prices of accommodation services and gas, reflecting low base year effects. The annual core inflation rate, which excludes volatile items such as unprocessed food and energy products, climbed to 0.6 percent in July, from 0.2 percent in the prior month. On a monthly basis, consumer prices are expected to fall 0.7 percent, the steepest decrease since July of 2020, after a 0.5 percent gain in June.
2021-07-29
Spain June Inflation Rate Revised Higher to 2.7%
Spain's consumer prices rose 2.7% from a year earlier in June of 2021, the same pace as in May and compared with an earlier estimate of a 2.6% rise. It was the highest inflation rate since February of 2017, as prices advanced faster primarily for housing (10.9% vs 10.4% in May), namely electricity (37.1% vs 36.3%); food & non-alcoholic beverages (1.1% vs 0.8%) and miscellaneous goods & services (0.9% vs 0.6%). Meanwhile, transport costs slowed a bit (8.9% vs 9.4%), in particular fuels such as diesel (20.4% vs 21.4%) and petrol (21.4% vs 24.2%). The harmonised index of consumer prices advanced 2.5% over a year ago, slightly above 2.4% in the prior month and a preliminary reading of 2.4%. On a monthly basis, consumer prices increased 0.5% in June and the harmonised index also went up 0.5%.
2021-07-14
Spain Inflation Rate Remains Close to 4-Year High
Spain's consumer price inflation rate is expected to ease to 2.6 percent year-on-year in June 2021, little-changed from the previous month's four-year high of 2.7 percent and slightly below market expectations of 2.7 percent. Cost of fuel and lubricant likely rose at a softer pace. The annual core inflation rate, which excludes volatile items such as unprocessed food and energy products, is expected to remain unchanged at 0.2 percent in June. On a monthly basis, consumer prices likely increased 0.4 percent, after a 0.5 percent gain in May.
2021-06-29
Spain Inflation Rate Confirmed at Over 4-Year High of 2.7%
Spain's consumer prices rose 2.7% from a year earlier in April of 2021, the most since February of 2017 and matching a preliminary estimate. Main upward pressure came from prices of transport (9.4 percent vs 7.4 percent in April), of which fuels such as diesel (21.4 percent vs 16.5 percent) and petrol (24.2 percent vs 20.2 percent) and housing (10.4 percent vs 10 percent), namely electricity, gas and other fuels (25.5 percent vs 24.7 percent). Costs also advanced slightly faster for food & non-alcoholic beverages (0.8 percent vs 0.3 percent). The harmonised index of consumer prices rose 2.4 percent over a year ago, compared with a 2 percent advance in the prior month. On a monthly basis, consumer prices increased 0.5 percent in May and the harmonised index also went up 0.5 percent.
2021-06-11

Spain Inflation Rate
In Spain, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of the total weight), transport (15 percent), housing and utilities (13 percent) and hotels, cafés and restaurants (12 percent). The index also includes: Recreation and culture (9 percent); miscellaneous goods and services (7 percent); and clothing and footwear (7 percent). Furnishings, household equipment and routine maintenance of the house; health; communications; alcoholic beverages and tobacco; and education account for the remaining 18 percent of total weight.