Spain Inflation Rate  1955-2017 | Data | Chart | Calendar | Forecast

Spanish consumer prices rose 1.6 percent from a year earlier in December 2016, up from 0.7 percent in the previous month and above a preliminary reading of 1.5 percent. It was the highest inflation rate since July 2013, as prices rose for transport, housing, leisure activities and food. Annual core inflation, which strips out volatile food and energy prices, also increased to 1 percent from 0.8 percent a month earlier. The average CPI fell 0.2 percent in 2016 compared to a 0.5 percent decline in 2015. Inflation Rate in Spain averaged 6.85 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.

Spain Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-13 08:00 AM Nov 0.7% 0.7% 0.7% 0.7%
2016-12-30 08:00 AM Dec 1.5% 0.7% 0.9% 0.9%
2017-01-13 08:00 AM Dec 1.6% 0.7% 1.5% 1.5%
2017-01-31 08:00 AM Jan 1.6% 1.5%
2017-02-15 08:00 AM Jan 1.6% 1.59%
2017-02-27 08:00 AM Feb 1.64%




Spanish Inflation Rate Revised Up To Highest Since July 2013


Spanish consumer prices rose 1.6 percent from a year earlier in December 2016, up from 0.7 percent in the previous month and above a preliminary reading of 1.5 percent. It was the highest inflation rate since July 2013, as prices rose for transport, housing, leisure activities and food. The average CPI fell 0.2 percent in 2016 compared to a 0.5 percent decline in 2015.

Year-on-year, the biggest upward pressure came from: Transport (+4.7 percent from +1.4 percent in November); housing (+0.8 percent from -0.4 percent); recreation and culture (+0.5 percent from -1.6 percent); and food and non-alcoholic beverages (+0.8 percent from +0.4 percent). Prices also rose for: Communications (+3.3 percent); miscellaneous goods and services (+1.9 percent); hotels, cafés and restaurants (+1.4 percent); clothing and footwear (+0.9 percent); education (+0.9 percent); and alcoholic beverages and tobacco (+0.9 percent). Meanwhile, cost was unchanged for furnishings and household equipment and fell by 0.1 percent for health.

On a monthly basis, consumer prices rose 0.6 percent, following a 0.4 percent gain in November and also boosted by higher prices for transport (+1.7 percent), recreation and culture (+3.2 percent), housing (+1.3 percent) and food (+0.5 percent).

Annual core inflation, which strips out volatile food and energy  prices, was 1 percent, compared to a reading of 0.8 percent a month earlier. 

The EU-harmonised index rose by 1.4 percent on the year, the biggest gain since August 2013, and by 0.5 percent on the month.

The average CPI fell 0.2 percent in 2016 compared to a 0.5 percent decline in 2015.

INE | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/13/2017 8:40:40 AM



Spain Prices Last Previous Highest Lowest Unit
Inflation Rate 1.60 0.70 28.43 -1.37 percent [+]
Inflation Rate Mom 0.60 0.40 4.58 -1.90 percent [+]
Harmonised Consumer Prices 101.49 100.95 101.57 53.60 Index Points [+]
Consumer Price Index CPI 105.11 104.50 105.11 1.83 Index Points [+]
Core Consumer Prices 105.87 105.76 105.87 9.42 Index Points [+]
Core Inflation Rate 1.00 0.85 27.10 -0.10 percent [+]
Producer Prices 106.90 106.70 112.90 13.60 Index Points [+]
Producer Prices Change 0.60 0.30 24.60 -6.70 percent [+]
Export Prices 108.00 108.20 113.40 13.70 Index Points [+]
Import Prices 103.30 102.20 116.80 12.20 Index Points [+]
Food Inflation 0.80 0.40 7.20 -2.75 percent [+]
Cpi Transportation 100.85 99.20 108.00 70.08 Index Points [+]



Spain Inflation Rate Notes

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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 0.70 28.43 -1.37 1955 - 2016 percent Monthly
2011=100



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