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.