Producer prices in Spain jumped 18 percent year-on-year in August of 2021, quickening from a 15.6 percent hike in the previous month. It was the fastest producer price inflation since May of 1980, primarily due to surging prices of energy (41.6 percent vs 34.2 percent in July) and intermediate goods (16.1 percent vs 14.9 percent). Additionally, upward pressure was slightly stronger in capital goods (2.4 percent vs 2.2 percent) but softer in consumption goods (3.8 percent vs 4.0 percent). On a monthly basis, producer prices advanced 1.9 percent, compared to an upwardly revised 2.0 percent gain in July. source: National Statistics Institute (INE)
Producer Prices Change in Spain averaged 4.86 percent from 1976 until 2021, reaching an all time high of 24.60 percent in December of 1977 and a record low of -8.80 percent in May of 2020. This page provides the latest reported value for - Spain Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Producer Prices Change in Spain is expected to be 18.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Producer Prices Change is projected to trend around 2.80 percent in 2022 and 1.90 percent in 2023, according to our econometric models.