Thailand: Inflation drops to lowest level since April in August
Inflation fell to 0.4% in August, below July’s 0.8%. August’s figure represented the lowest inflation rate since April. Looking at...
Inflation in Spain
Harmonized consumer price inflation averaged 1.6% in the ten years to 2022. The 2022 average figure was 8.3%. For more inflation information, visit our dedicated page.
Spain Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Spain from 2014 to 2023.
Source: Macrobond.
Spain Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 0.8 | -0.3 | 3.0 | 8.3 | 3.4 |
| Inflation (HICP, ann. var. %, eop) | 0.8 | -0.6 | 6.6 | 5.5 | 3.3 |
| Inflation (Core, ann. var. %, aop) | 0.9 | 0.7 | 0.8 | 5.2 | 6.0 |
| Inflation (PPI, ann. var. %, aop) | -0.4 | -4.3 | 17.3 | 35.5 | -4.7 |
Harmonized inflation drops in June
Harmonized inflation came in at 3.6% in June, which was down from May’s 3.8%. Looking at the details of the release, prices for food and non-alcoholic beverages, and transportation rose at slower rates. Annual average harmonized inflation rose to 3.2% in June (May: 3.0%). Meanwhile, consumer price inflation fell to 3.4% in June from the previous month's 3.6%. Lastly, harmonized consumer prices increased 0.40% in June over the previous month, picking up from the 0.23% rise recorded in May.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Spanish inflation projections for the next ten years from a panel of 34 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Spanish inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Spanish inflation projections.
Want to get access to the full dataset of Spanish inflation forecasts? Send an email to info@focus-economics.com.
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