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.