Spain’s annual inflation decelerated to 8.3 percent in April of 2022 from a near 40-year high of 9.8 percent in March and below preliminary estimates of an 8.4 percent increase. Lower inflationary pressure was mainly due to eased commodity prices following the shock of the war in Ukraine and restored supply chains as Spain's trucker strike lost momentum. Prices rose at a slower rate for housing and utilities (18.8 percent vs 33.1 percent in March) and transportation (12.8 percent vs 18.6 percent). On the other hand, costs accelerated for food and non-alcoholic beverages (10.1 percent vs 6.8 percent), restaurant and hotels (5.8 percent vs 4.4 percent), and leisure and culture (2.9 percent vs 1.2 percent). The annual core rate, which excludes food and energy products rose to 4.4 percent in April, the highest since 1995, from 3.3 percent in March. On a monthly basis, consumer prices fell by 0.2 percent, compared to a 3 percent jump in the previous period. source: National Statistics Institute (INE)

Inflation Rate in Spain averaged 6.46 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 May of 2022.

Inflation Rate in Spain is expected to be 7.60 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 2.00 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
2022-04-28 07:00 AM Inflation Rate YoY Prel Apr 8.4% 9.8% 9% 9.1%
2022-05-13 07:00 AM Inflation Rate YoY Final Apr 8.3% 9.8% 8.4% 8.4%
2022-05-30 07:00 AM Inflation Rate YoY Prel May 8.3%


Related Last Previous Unit Reference
Inflation Rate 8.30 9.80 percent Apr 2022
Inflation Rate Mom -0.20 3.00 percent Apr 2022
Consumer Price Index CPI 107.38 107.57 points Apr 2022
Harmonised Consumer Prices 115.25 115.51 points Apr 2022
Core Inflation Rate 4.40 3.40 percent Apr 2022
Core Consumer Prices 104.35 102.48 points Apr 2022
Producer Prices 154.20 144.70 points Mar 2022
Producer Prices Change 46.60 41.20 percent Mar 2022
Food Inflation 10.10 6.80 percent Apr 2022
CPI Transportation 110.47 116.02 points Apr 2022
CPI Housing Utilities 114.65 124.21 points Apr 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
8.30 9.80 28.43 -1.37 1955 - 2022 percent Monthly
2011=100

News Stream
Spain Inflation Rate Revised Lower
Spain’s annual inflation decelerated to 8.3 percent in April of 2022 from a near 40-year high of 9.8 percent in March and below preliminary estimates of an 8.4 percent increase. Lower inflationary pressure was mainly due to eased commodity prices following the shock of the war in Ukraine and restored supply chains as Spain's trucker strike lost momentum. Prices rose at a slower rate for housing and utilities (18.8 percent vs 33.1 percent in March) and transportation (12.8 percent vs 18.6 percent). On the other hand, costs accelerated for food and non-alcoholic beverages (10.1 percent vs 6.8 percent), restaurant and hotels (5.8 percent vs 4.4 percent), and leisure and culture (2.9 percent vs 1.2 percent). The annual core rate, which excludes food and energy products rose to 4.4 percent in April, the highest since 1995, from 3.3 percent in March. On a monthly basis, consumer prices fell by 0.2 percent, compared to a 3 percent jump in the previous period.
2022-05-13
Spain Inflation Rate Slows More than Expected in April
Spain’s annual inflation rate likely decelerated to 8.4 percent in April of 2022, from a near 40-year high of 9.8 percent in March and well below market expectations of 9 percent, preliminary estimates showed. That would be the first slowdown in inflation since January mainly due to an ease in fuel and electricity prices. However, core inflation, which excludes volatile items such as unprocessed food and energy products, is seen rising to 4.4 percent in March from 3.4 percent, the highest since December 1995 amid higher food and beverage costs. On a monthly basis, consumer prices are expected to decrease 0.1 percent, after a 3 percent jump in March.
2022-04-28
Spain Inflation Rate Steepest Since 1985
Spain's annual inflation rate climbed to 9.8 percent in March of 2022, the highest since May of 1985, in line with a preliminary estimate and up from 7.6 percent in the prior month. There was a generalized increase in prices across categories, primarily housing (33.1 percent vs 25.4 percent in February), of which electricity, gas and other fuels (80 percent); transportation (18.6 percent vs 12.8 percent), namely fuels such as diesel (45.6 percent) and petrol (33.6 percent); and food & non-alcoholic beverages (6.8 percent vs 5.6 percent). The annual core inflation rate, which excludes volatile items such as unprocessed food and energy products quickened to 3.4 percent in March, the most since September 2008, up from 3 percent a month earlier. On a monthly basis, consumer prices rose 3 percent, matching an earlier reading and after a 0.8 percent increase in the previous month.
2022-04-13