The annual inflation rate in Spain is expected to rise to 2.2 percent in April of 2021 from 1.3 percent in the previous month, above market expectations of 1.9 percent, a preliminary estimate showed. It is the highest inflation rate since October of 2018, mainly due to the increase in electricity prices and the stability of fuels and oil prices, compared to the decreases recorded in April of the past year. Meanwhile, the annual core inflation, which excludes volatile prices of food and energy, is likely to show no growth, after increasing 0.3 percent in each of the previous two months. On a monthly basis, consumer prices are seen increasing 1.2 percent in April. source: National Statistics Institute (INE)

Inflation Rate in Spain averaged 6.47 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 May of 2021.

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 1.30 in 12 months time. In the long-term, the Spain Inflation Rate is projected to trend around 1.50 percent in 2022 and 1.80 percent in 2023, according to our econometric models.

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Spain Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.20 1.30 28.43 -1.37 1955 - 2021 percent Monthly
2011=100


Calendar GMT Actual Previous Consensus TEForecast
2021-03-12 08:00 AM Inflation Rate YoY Final Feb 0% 0.5% 0% 0%
2021-03-30 07:00 AM Inflation Rate YoY Prel Mar 1.3% 0% 0.9% 0.3%
2021-04-14 07:00 AM Inflation Rate YoY Final Mar 1.3% 0% 1.3% 1.3%
2021-04-29 07:00 AM Inflation Rate YoY Prel Apr 2.2% 1.3% 1.9% 1.8%
2021-05-14 07:00 AM Inflation Rate YoY Final Apr 1.3% 2.2% 2.2%
2021-05-31 07:00 AM Inflation Rate YoY Prel May
2021-06-11 07:00 AM Inflation Rate YoY Final May
2021-06-29 07:00 AM Inflation Rate YoY Prel Jun


News Stream
Spain Inflation Rate Rises to Highest Since 2018
The annual inflation rate in Spain is expected to rise to 2.2 percent in April of 2021 from 1.3 percent in the previous month, above market expectations of 1.9 percent, a preliminary estimate showed. It is the highest inflation rate since October of 2018, mainly due to the increase in electricity prices and the stability of fuels and oil prices, compared to the decreases recorded in April of the past year. Meanwhile, the annual core inflation, which excludes volatile prices of food and energy, is likely to show no growth, after increasing 0.3 percent in each of the previous two months. On a monthly basis, consumer prices are seen increasing 1.2 percent in April.
2021-04-29
Spain Inflation Rate Confirmed at Near 2-Year High
Spain's consumer prices rose 1.3 percent from a year earlier in March of 2021, the most since April of 2019 and matching a preliminary estimate. Main upward pressure came from prices of housing (4.3 percent vs -1.1 percent in February), mostly electricity (14.6 percent vs -3.1 percent), and transport (3.8 percent vs -1.2 percent), on account of fuels such as diesel (6.8 percent vs -5.4 percent) and petrol (8.9 percent vs -2.8 percent). On the other hand, costs slowed for food & non-alcoholic beverages (1.4 percent vs 1.6 percent) and miscellaneous goods & services (0.8 percent vs 0.9 percent). On a monthly basis, consumer prices advanced 1 percent, the most since October of 2019 and matching an earlier estimate; and the harmonised index advanced 1.9 percent, after a 0.6 percent drop in February and in line with the preliminary estimate.
2021-04-14
Spain Inflation Rate Jumps to 2-Year High
Spain's consumer prices are expected to increase by 1.3 percent year-on-year in March 2021, the most since April 2019 and above market expectations of a 0.9 percent advance, a preliminary estimate showed. Upward pressure should came mostly from an increase in cost for electricity and fuels and lubricants. Meanwhile, the annual core inflation, which excludes volatile prices of food and energy, is likely to remain unchanged at 0.3 percent, down from January's six-month high of 0.6 percent. On a monthly basis, consumer prices are seen jumping 1.0 percent in March.
2021-03-30
Spain Consumer Prices Flat in February
Consumer prices in Spain were unchanged from the previous year in February 2021, easing from a 0.5 percent increase in the previous month, as domestic demand remained subdued amid the COVID crisis. Prices fell for housing and utilities (-1.1 percent vs 3.2 percent in January), transport (-1.2 percent vs -3.2 percent), and recreation and culture (-0.4 percent vs 0.1 percent), while cost for restaurants and hotels was unchanged (vs 0.6 percent in January). At the same time, inflation slowed for both food and non-alcoholic beverages (1.6 percent vs 1.7 percent) and miscellaneous goods and services (0.9 percent vs 1.1 percent). On a monthly basis, consumer prices dropped 0.6 percent in February, after being unchanged in January.
2021-03-12

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.