The annual inflation rate in Spain eased to 10.4 percent in August of 2022 from 10.8 percent in the previous month, which was the highest rate since September 1984. It was the first slowdown in four months, while forecasts pointed to an increase to 10.9 percent, preliminary estimates showed. Lower fuel prices more than offset the higher cost of electricity, food, restaurants and package holidays. Despite the slowdown in the headline figure, the annual core rate, which excludes food and energy products rose to 6.4 percent in August, the highest since January of 1993, from 6.1 percent in July. On a monthly basis, consumer prices went up 0.1 percent, after a 0.3 percent decrease in the previous period.
National Statistics Institute (INE)
Inflation Rate in Spain averaged 6.47 percent from 1955 until 2022, 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 September of 2022.
Inflation Rate in Spain is expected to be 9.70 percent by the end of this quarter, according to 王者荣耀电竞(江西)积分排榜 global macro models and analysts expectations. In the long-term, the Spain Inflation Rate is projected to trend around 2.00 percent in 2023 and 1.00 percent in 2024, according to our econometric models.