Spain's consumer price inflation rate rose to 5.8 percent in January 2023, up slightly from a 13-month low of 5.7 percent in the previous month, a preliminary estimate showed. The reading came in well above the European Central Bank's policy target of 2.0 percent as fuel prices continued to support the overall price increase, while cost for clothing & footwear and electricity fell. The annual core inflation, which excludes volatile items such as unprocessed food and energy, accelerated to 7.5 percent in January, the highest since the end of 1986. source: National Statistics Institute (INE)
Inflation Rate in Spain averaged 6.48 percent from 1955 until 2023, 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 February of 2023.
Inflation Rate in Spain is expected to be 5.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.