Spain's consumer prices decreased 0.8 percent from a year earlier in November of 2020, the same as in the previous month and the most since May, matching a preliminary estimate. Main downward pressure came from prices of transport (-5.1 percent, the same pace as in October); housing & utilities (-2.2 percent vs -3.6 percent), namely electricity; communication (-4.2 percent, the same pace as in October) and recreation & culture (-0.9 percent vs -0.7 percent). At the same time, inflation slowed for food & non-alcoholic beverages (1.3 percent vs 2.3 percent), amid lower prices of fruits and vegetables. The harmonised index of consumer prices went down 0.8 percent over a year earlier, after a 0.9 percent decrease in the prior month, and slightly below a preliminary reading of a 0.9 percent fall. On a monthly basis, consumer prices increased 0.2 percent and the harmonised index advanced 0.1 percent, both matching a preliminary estimate. source: National Statistics Institute (INE)

Inflation Rate in Spain averaged 6.51 percent from 1955 until 2020, 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 2020.

Inflation Rate in Spain is expected to be -0.30 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 1.10 in 12 months time. In the long-term, the Spain Inflation Rate is projected to trend around 1.40 percent in 2021 and 1.50 percent in 2022, according to our econometric models.

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Spain Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.80 -0.80 28.43 -1.37 1955 - 2020 percent Monthly
2011=100


Calendar GMT Actual Previous Consensus TEForecast
2020-10-29 08:00 AM Inflation Rate YoY Prel Oct -0.9% -0.4% -0.6% -0.5%
2020-11-13 08:00 AM Inflation Rate YoY Final Oct -0.8% -0.4% -0.9% -0.9%
2020-11-30 08:00 AM Inflation Rate YoY Prel Nov -0.8% -0.8% -0.8%
2020-12-11 08:00 AM Inflation Rate YoY Final Nov -0.8% -0.8% -0.8% -0.8%
2020-12-30 08:00 AM Inflation Rate YoY Prel Dec -0.8% -0.7%
2021-01-15 08:00 AM Inflation Rate YoY Final Dec -0.8%
2021-02-01 08:00 AM Inflation Rate YoY Prel Jan
2021-02-15 08:00 AM Inflation Rate YoY Final Jan


News Stream
Spain Consumer Prices Fall for 8th Month
Spain's consumer prices decreased 0.8 percent from a year earlier in November of 2020, the same as in the previous month and the most since May, matching a preliminary estimate. Main downward pressure came from prices of transport (-5.1 percent, the same pace as in October); housing & utilities (-2.2 percent vs -3.6 percent), namely electricity; communication (-4.2 percent, the same pace as in October) and recreation & culture (-0.9 percent vs -0.7 percent). At the same time, inflation slowed for food & non-alcoholic beverages (1.3 percent vs 2.3 percent), amid lower prices of fruits and vegetables. The harmonised index of consumer prices went down 0.8 percent over a year earlier, after a 0.9 percent decrease in the prior month, and slightly below a preliminary reading of a 0.9 percent fall. On a monthly basis, consumer prices increased 0.2 percent and the harmonised index advanced 0.1 percent, both matching a preliminary estimate.
2020-12-11
Spain Consumer Prices Drop for 8th Month
Consumer prices in Spain are expected to fall 0.8 percent year-on-year in November 2020, the same as in the previous month and the most since May, a preliminary estimate showed. The harmonised index of consumer prices is seen declining 0.9 percent over a year ago, the same as in September. On a monthly basis, consumer prices are likely to rise 0.2 percent, easing from a 0.5 percent gain in the prior month; and the harmonised index should increase 0.1 percent, slowing from a 0.1 percent advance. The country slipped into deflation in April when the coronavirus pandemic started to hit more the economy
2020-11-30
Spain Consumer Price Deflation Deepens in October
Spain's consumer prices declined 0.8 percent from a year earlier in October 2020, the most since a 0.9 percent drop seen in May, as domestic demand remained subdued amid the coronavirus crisis. Cost was down for transport (-5.1 percent vs -5.0 percent in September), housing and utilities (-3.6 percent vs -1.4 percent), and recreation and culture (-0.7 percent vs -1.1 percent). At the same time, upward pressure came from food and non-alcoholic beverages (2.3 percent vs 2.4 percent), restaurants and hotels (0.3 percent, the same as in September), clothing and footwear (1.0 percent, the same as in September) and miscellaneous goods and services (1.4 percent vs 1.5 percent). On a monthly basis, consumer prices increased 0.5 percent in October.
2020-11-13
Spain CPI Drops the Most in 5 Months
Consumer prices in Spain are expected to decrease 0.9 percent year-on-year in October of 2020, following a 0.4 percent fall in the previous month and compared to market expectations of a 0.6 percent drop, a preliminary estimate showed. It was the steepest fall in consumer prices since May. The harmonised index of consumer prices is seen falling 1 percent over a year ago, after a 0.6 percent decline in September. On a monthly basis, consumer prices are likely to advance 0.5 percent, accelerating from a 0.2 percent gain; and the harmonised index should increase 0.3 percent, following a 0.4 percent rise. The country slipped into deflation in April when the coronavirus crisis started to hit more the economy.
2020-10-29

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.