Spain Inflation Rate  1955-2016 | Data | Chart | Calendar | Forecast

Consumer prices in Spain fell 0.8 percent year-on-year in June of 2016, following a 1 percent drop in May and in line with preliminary estimates. It is the eleventh straight month of no growth in consumer prices although June's decrease was the lowest in three months. Inflation Rate in Spain averaged 6.91 percent from 1955 until 2016, 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. Inflation Rate in Spain is reported by the National Statistics Institute (INE).

Spain Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.80 -1.00 28.43 -1.37 1955 - 2016 percent Monthly
2011=100
In Spain, the most important categories in the consumer price index are food and non-alcoholic beverages (19 percent of the total weight), transport (16 percent) and housing and utilities (13 percent). The index also includes: restaurants, cafés and hotels (12 percent); miscellaneous goods and services (10 percent); clothing and footwear (8 percent) and recreation and culture (7 percent). Furnishings, household equipment and routine maintenance of the house; health; communications; alcoholic beverages and tobacco; and education account for the remaining 17 percent of total weight. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-14 07:00 AM May -1% -1.1% -1% -1%
2016-06-29 07:00 AM Jun -0.8% -1% -0.7%
2016-07-13 07:00 AM Jun -0.8% -1% -0.8% -0.8%
2016-07-29 07:00 AM Jul -0.8% -0.6%
2016-08-12 07:00 AM Jul -0.8%
2016-08-30 07:00 AM Aug -0.5%

Spain Deflation at 3-Month Low in June


Consumer prices in Spain fell 0.8 percent year-on-year in June of 2016, following a 1 percent drop in May and in line with preliminary estimates. It is the eleventh straight month of no growth in consumer prices although June's decrease was the lowest in three months.

Year-on-year, downward pressure came mainly from prices of housing (-5.5 percent); transport (-4 percent); recreation and culture (-1.6 percent) and health (-0.1 percent). 

In contrast, prices of communication recorded the highest increase (1.8 percent), followed by food and non-alcoholic beverages (1.5 percent); miscellaneous goods and services (1.2 percent); hotels, cafes and restaurants (0.9 percent); clothing and footwear (0.5 percent) and alcoholic beverages and tobacco (0.5 percent). 

On a monthly basis, the CPI advanced 0.5 percent, the same as in May and marked the fourth straight month of growth in consumer prices. Housing prices were up 2.1 percent and made the biggest upward pressure, mainly due to electricity and heating oil. Transport prices rose 1 percent; recreation and culture went up 1 percent boosted by cost of organized trips and food and non-alcoholic beverages increased 0.3 percent due to fresh fruits. 

The harmonized index fell 0.9 percent on the year and gained 0.4 percent on the month, in line with preliminary estimates. 

INE | Joana Taborda | joana.taborda@tradingeconomics.com
7/13/2016 8:51:19 AM

Spain Prices Last Previous Highest Lowest Unit
Inflation Rate -0.80 -1.00 28.43 -1.37 percent [+]
Inflation Rate Mom 0.50 0.50 4.58 -1.90 percent [+]
Harmonised Consumer Prices 100.59 100.16 101.57 53.60 Index Points [+]
Consumer Price Index CPI 103.56 103.07 104.56 1.83 Index Points [+]
Core Consumer Prices 105.01 104.98 105.01 9.42 Index Points [+]
Core Inflation Rate 0.63 0.72 27.10 -0.10 percent [+]
Producer Prices 103.00 102.20 112.90 13.60 Index Points [+]
Producer Prices Change -5.50 -6.10 24.60 -6.70 percent [+]
Export Prices 107.80 107.20 113.40 13.70 Index Points [+]
Import Prices 100.00 99.70 116.80 12.20 Index Points [+]
Food Inflation 1.50 1.70 7.20 -2.75 percent [+]
Cpi Transportation 98.57 97.61 108.00 70.08 Index Points [+]




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