Spain Inflation Rate

The inflation rate in Spain was recorded at 0.09 percent in June of 2014. Inflation Rate in Spain averaged 7.15 Percent from 1955 until 2014, 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).

   
 
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Spain Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.09 0.20 28.43 -1.37 1955 - 2014 Percent Monthly
2011=100
In Spain, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of the total weight) and transport (15 percent). The index also includes: real estate (12 percent); hotels, coffee and restaurants (11.5 percent); clothing and footwear (9 percent) and entertainment and culture (7.5 percent). Health, communication, education and other goods and services account for the remaining 25 percent of total weight. This page provides - Spain Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.


Spanish Inflation Rate Confirmed at 0.1%


Annual inflation rate in Spain edged down to 0.1 percent in June of 2014, from 0.2 percent registered in the previous month, confirming the preliminary estimates. Prices fell further for food and housing.

Year-on-year prices fell further for food (-1.5 percent in June of 2014 from -0.8 percent in the previous month), and furnishings, household equipment and routine maintenance of the house (-0.9 percent from -0.8 percent). Prices eased for alcoholic beverages and tobacco (2.1 percent from 2.2 percent), clothing and footwear (0.2 percent from 0.4 percent), housing, water, electricity, gas and other fuels (2.1 percent from 2.7 percent), and hotels, cafés and restaurants (0.4 percent from 0.5 percent). In contrast, prices accelerated to other goods and services (1.2 percent from 0.7 percent) due to higher cost of automobile insurance, and transport (1.1 percent from 0.8 percent) considering the higher cost of fuels and lubricants.

Annual core inflation (excluding food not produced and energy products) is maintained at 0.0 percent in June of 2014.

On a monthly basis, consumer prices remained unchanged at 0.0 percent in June of 2014. Clothing and footwear prices fell 1.3 percent, reflecting the promotions of summer season sales, and housing cost dropped 0.5 percent as electricity prices declined. On the other hand, prices accelerated for transport (0.6 percent) due fuels and lubricants higher cost, recreation and culture (0.7 percent) reflecting higher prices of holidays packages, other goods and services (0.4 percent), hotels, cafes and restaurants (0.3 percent).

Isabel Felino | isabel.felino@tradingeconomics.com
7/11/2014 9:56:49 AM


Recent Releases

Spain Inflation Rate Down to 3-Month Low
Spanish annual inflation rate is expected to slow for the second consecutive month to 0.1 percent in June of 2014, driven by lower cost of food, non-alcoholic beverages and electricity. Published on 2014-06-27

Spain Inflation Rate Slows in May
Spanish annual inflation eased slightly to 0.2 percent in May of 2014 from 0.37 percent in April, confirming the preliminary estimates, driven by lower food and non-alcoholic beverages prices. Published on 2014-06-13


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-30 08:00 AM Spain
Inflation Rate YoY
May 2014 0.2% 0.4% 0.52%
2014-06-13 08:00 AM Spain
Inflation Rate YoY - Final
May 2014 0.2% 0.4% 0.2% 0.2%
2014-06-27 08:00 AM Spain
Inflation Rate YoY
Jun 2014 0.1% 0.2% 0.3% 0.35%
2014-07-11 08:00 AM Spain
Inflation Rate YoY - Final
Jun 2014 0.1% 0.2% 0.1% 0.1%
2014-07-30 08:00 AM Spain
Inflation Rate YoY
Jul 2014 0.1% 1.12%


Prices Last Previous Highest Lowest Unit
Inflation Rate 0.09 0.20 28.43 -1.37 Percent [+]
Inflation Rate Mom 0.03 0.02 4.58 -1.85 Percent [+]
Consumer Price Index (CPI) 104.33 104.30 104.56 1.84 Index Points [+]
Core Inflation Rate 0.04 0.04 27.10 -0.10 Percent [+]
Harmonised Consumer Prices 121.80 121.87 121.90 119.19 Index Points [+]
Core Consumer Prices 103.68 103.68 103.93 9.42 Index Points [+]
Producer Prices 110.70 109.70 112.90 13.60 Index Points [+]
Producer Prices Change -0.40 -0.20 24.60 -6.70 Percent [+]
Export Prices 109.30 108.40 113.40 13.70 Index Points [+]
Import Prices 105.70 106.70 116.80 12.20 Index Points [+]
Food Inflation -1.50 -0.81 7.20 -2.75 Percent [+]





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