Spain's annual inflation rate likely rose to 5.6 percent in November of 2021, from 5.4 percent in the previous month and in line with market expectations, according to preliminary estimates. It was the steepest hike in consumer prices since September of 1992, of which food inflation as well as price increases in vehicle fuels and lubricants stood out. The annual core inflation rate, which excludes volatile items such as unprocessed food and energy products, likely rose to a record 1.7 percent in November, from 1.4 percent in October. On a monthly basis, consumer prices are expected to advance by 0.4 percent, slowing markedly from a downwardly revised 1.8 percent advance in the prior month. source: National Statistics Institute (INE)
Inflation Rate in Spain averaged 6.45 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 December of 2021.
Inflation Rate in Spain is expected to be 5.30 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 0.80 percent in 2022 and 1.00 percent in 2023, according to our econometric models.