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. source: 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.

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Spain Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-12 07:00 AM Inflation Rate YoY Final Jul 10.8% 10.2% 10.8% 10.8%
2022-08-30 07:00 AM Inflation Rate YoY Prel Aug 10.4% 10.8% 10.9% 11%
2022-09-13 07:00 AM Inflation Rate YoY Final Aug 10.8% 10.4% 10.4%


Related Last Previous Unit Reference
Inflation Rate 10.40 10.80 percent Aug 2022
Inflation Rate MoM 0.10 -0.30 percent Aug 2022
Harmonised Consumer Prices 117.65 117.64 points Aug 2022
Consumer Price Index CPI 110.11 109.99 points Aug 2022
Core Inflation Rate 6.40 6.10 percent Aug 2022
Core Consumer Prices 105.50 105.78 points Jul 2022
Producer Prices 161.00 161.00 points Jul 2022
Producer Prices Change 40.40 43.10 percent Jul 2022
Food Inflation 13.53 12.95 percent Jul 2022
CPI Transportation 116.95 119.21 points Jul 2022
CPI Housing Utilities 120.76 117.70 points Jul 2022

Spain Inflation Rate
In Spain, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of the total weight), transport (15 percent), housing and utilities (13 percent) and hotels, cafés and restaurants (12 percent). The index also includes: Recreation and culture (9 percent); miscellaneous goods and services (7 percent); and clothing and footwear (7 percent). Furnishings, household equipment and routine maintenance of the house; health; communications; alcoholic beverages and tobacco; and education account for the remaining 18 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
10.40 10.80 28.43 -1.37 1955 - 2022 percent Monthly
2011=100

News Stream
Spain Inflation Rate Unexpectedly Slows
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.
2022-08-30
Spain Inflation Rate Confirmed at Highest since 1984
The annual inflation rate in Spain surged to 10.8 percent in July of 2022 from 10.2 percent in the previous month, in line with preliminary estimates. It was the highest inflation rate since September of 1984, as prices advanced faster for food & non-alcoholic beverages (13.5 percent vs. 12.9 percent in June), housing & utilities (23.0 percent vs. 19.0 percent), and restaurants & hotels (7.6 percent vs. 7.2 percent). On the other hand, transport prices eased (16.2 percent vs. 19.2 percent). Compared to the previous month, consumer prices dropped 0.3 percent, following a 1.9 percent gain in June, compared with market expectations of a 0.2 percent decline.
2022-08-12
Spain Inflation Rate Picks Up to Highest since 1984
The annual inflation rate in Spain picked up to 10.8 percent in July of 2022 from 10.2 percent in the previous month and beating market expectations of 10.6 percent, a preliminary estimate showed. It was the highest inflation rate since September 1984, mainly due to rising cost of food and non-alcoholic beverages and electricity. In addition, clothing and footwear prices fell less than a year earlier while fuel prices dropped. Excluding cost of food and energy, core inflation rose to 6.1 percent, the highest since January 1993. Consumer prices, harmonized to make them comparable with inflation data from other European Union countries surged 10.8 percent in the 12 months to July. Compared to the previous month, the national CPI went down 0.2 percent and the EU harmonized decreased 0.5 percent.
2022-07-29