Spain's consumer price inflation dropped to 9.0 percent year-on-year in September 2022, moving further away from a 38-year high of 10.8 percent hit in July and compared with market expectations of 10.1 percent, a preliminary estimate showed. Still, the rate remained well above the European's Central Bank target of 2.0 percent. On a monthly basis, consumer prices fell 0.6 percent in September, the largest monthly decrease since July 2021, on the back of a public transportation price cut and an electricity price slowdown. source: National Statistics Institute (INE)

Inflation Rate in Spain averaged 6.48 percent from 1955 until 2022, 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 October of 2022.

Inflation Rate in Spain is expected to be 9.00 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 3.50 percent in 2023 and 1.00 percent in 2024, according to our econometric models.

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Spain Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-13 07:00 AM Inflation Rate YoY Final Aug 10.5% 10.8% 10.4% 10.4%
2022-09-29 07:00 AM Inflation Rate YoY Prel Sep 9% 10.5% 10.1% 10.2%
2022-10-14 07:00 AM Inflation Rate YoY Final Sep 10.5% 9% 9%


Related Last Previous Unit Reference
Inflation Rate 9.00 10.50 percent Sep 2022
Inflation Rate MoM -0.60 0.30 percent Sep 2022
Harmonised Consumer Prices 117.87 117.84 points Sep 2022
Consumer Price Index CPI 109.62 110.27 points Sep 2022
Core Inflation Rate 6.20 6.40 percent Sep 2022
Core Consumer Prices 105.91 105.50 points Aug 2022
Producer Prices 165.60 161.10 points Aug 2022
Producer Prices Change 41.80 40.50 percent Aug 2022
Food Inflation 13.75 13.53 percent Aug 2022
CPI Transportation 112.61 116.95 points Aug 2022
CPI Housing Utilities 125.14 120.76 points Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
9.00 10.50 28.43 -1.37 1955 - 2022 percent Monthly
2011=100

News Stream
Spain Inflation Eases for 2nd Consecutive Month
Spain's consumer price inflation dropped to 9.0 percent year-on-year in September 2022, moving further away from a 38-year high of 10.8 percent hit in July and compared with market expectations of 10.1 percent, a preliminary estimate showed. Still, the rate remained well above the European's Central Bank target of 2.0 percent. On a monthly basis, consumer prices fell 0.6 percent in September, the largest monthly decrease since July 2021, on the back of a public transportation price cut and an electricity price slowdown.
2022-09-29
Spain Inflation Rate Eases Less than Expected
The annual inflation rate in Spain eased to 10.5% in August of 2022 from 10.8% in the previous month, above preliminary estimates of 10.4%. Cost slowed for transport (11.5% from 16.2% in July) while inflation was steady for restaurant & hotels (at 7.6%); health (at 1.1%) and education (at 1.2%). On the other hand, prices advanced faster for food & non-alcoholic beverages (13.8% from 13.5%); housing & utilities (24.8% from 23%); recreation & culture (4.1% from 3.7%); miscellaneous goods & services (4% from 3.6%); clothing & footwear (5.6% from 5%); furniture & household equipment (7.6% from 7.2%) and alcoholic beverages & tobacco (4.7% from 4.5%). Despite the slowdown in the headline figure, the annual core rate, which excludes food and energy products rose to 6.4% in August, the highest since January of 1993. Consumer prices, harmonized to make them comparable with inflation data from other European Union countries rose 10.5% in the 12 months to August.
2022-09-13
Spain Inflation Rate Unexpectedly Slows
The annual inflation rate in Spain eased to 10.4 percent in August of 2022 from 10.8 percent in the previous month, which was the highest rate since September 1984. It was the first slowdown in four months, while forecasts pointed to an increase to 10.9 percent, preliminary estimates showed. Lower fuel prices more than offset the higher cost of electricity, food, restaurants and package holidays. Despite the slowdown in the headline figure, the annual core rate, which excludes food and energy products rose to 6.4 percent in August, the highest since January of 1993, from 6.1 percent in July. On a monthly basis, consumer prices went up 0.1 percent, after a 0.3 percent decrease in the previous period.
2022-08-30