Inflation in Spain
Spain - Inflation
Inflation eases in May
According to a preliminary estimate released by the National Statistical Institute (INE) on 30 May, annual inflation eased from 2.1% in April to 1.9% in May. INE will release a complete set of data on 13 June. Detailed data for April showed consumer prices jumping 1.4% over the previous month, which doubled the 0.7% rise recorded in March. The monthly rise was mainly the result of a sharp increase in prices for clothing and footwear as well as for alcoholic beverages and tobacco. The core inflation index, which does not include prices for unprocessed food and energy, added 1.2% over the previous month, up from the 0.5% rise recorded in March. Despite the sharp increase, annual core inflation inched down from 1.2% in March to 1.1% in April, its lowest level in 19 months.
Spain - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.5||-0.2||2.0||1.7||0.7|
5 years of economic forecasts for more than 30 economic indicators.
Spain Inflation Chart
Source: National Statistical Institute (INE).
|Bond Yield||0.46||5.62 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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October 7, 2021
Industrial output grew 1.8% year-on-year in seasonally- and calendar-adjusted terms in August, which was a deterioration from July's 3.3% increase.
October 6, 2021
The IHS Markit composite Purchasing Managers’ Index (PMI) dropped from 60.6 in August to 57.0 in September, reflecting milder growth in both the services and the manufacturing activity.
October 1, 2021
The Spanish Board of Architects approved 10,280 new construction permits in July, according to data published by the Ministry of Public Works.
September 30, 2021
Spain’s current account balance recorded a surplus of EUR 2.5 billion in July 2021, above the EUR 1.8 billion surplus logged in July 2020 and June 2021’s EUR 0.6 billion surplus.
September 30, 2021
Retail sales slid 0.1% year-on-year in August (July: +0.1% yoy).