Austria: Harmonized inflation rises in March
Harmonized inflation ticked up to 4.1% in March, slightly above February’s 4.0%. Looking at the details of the release, housing...
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: INE.
Spain Inflation Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 1.7 | 0.8 | -0.3 | 3.0 | 8.3 |
| Inflation (HICP, ann. var. %, eop) | 1.2 | 0.8 | -0.6 | 6.6 | 5.5 |
| Inflation (Core, ann. var. %, aop) | 0.9 | 0.9 | 0.7 | 0.8 | 5.2 |
| Inflation (PPI, ann. var. %, aop) | 3.0 | -0.4 | -4.3 | 17.3 | 35.5 |
Harmonized inflation stable in December
Harmonized inflation remained unchanged at November’s 3.3% in December. December saw another decline in housing prices as well as a softer increase in prices for food and non-alcoholic beverages. The trend declined, with annual average harmonized inflation coming in at 3.4% in December (November: 3.6%). Meanwhile, core inflation fell to 3.8% in December from 4.5% in November, marking the lowest print since March 2022. Lastly, harmonized consumer prices were unchanged in December over the previous month, following the 0.53% decrease seen in November.
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 32 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.
Latest Global Inflation News
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Belgium: Harmonized inflation comes in at highest level since March 2023 in March
Harmonized inflation came in at 3.8% in March, which was up from February’s 3.6%. March’s reading represented the highest inflation... -
Italy: Harmonized inflation rises in March
Harmonized inflation increased to 1.2% in March from February’s 0.8%. March’s figure marked the highest inflation rate since October 2023.... -
Portugal: Harmonized inflation comes in at highest level since October 2023 in March
Harmonized inflation came in at 2.6% in March, up from February’s 2.3%. March’s result was the highest inflation rate since... -
Luxembourg: Harmonized inflation remains stable in March
Harmonized inflation came in at 3.2% in March, matching February’s reading. The result was driven by moderating price pressures for... -
Netherlands: Harmonized inflation comes in at highest level since August 2023 in March
Harmonized inflation rose to 3.1% in March, above February’s 2.7%. March’s result marked the highest inflation rate since August 2023.... -
Finland: Harmonized inflation falls to lowest level since December 2020 in March
Harmonized inflation fell to 0.5% in March, which was down from February’s 1.1%. March’s result marked the lowest inflation rate...