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 %)||1.4||-0.2||-0.5||-0.2||2.0|
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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January 10, 2020
Industrial production rose a strong 2.1% year-on-year in seasonally- and calendar-adjusted terms in November, rebounding from October’s 1.3% dip and marking a 10-month high.
January 6, 2020
Reflecting a softer contraction in manufacturing activity and faster growth of the services sector, the IHS Markit composite Purchasing Managers’ Index (PMI) rose from 51.9 in November to 52.7 in December, the highest reading since April.
December 30, 2019
Spain’s current account balance recorded a surplus of EUR 2.8 billion in October, well above both the EUR 1.5 billion surplus recorded in October 2018 and the EUR 893 million surplus logged in September.
December 30, 2019
Economic activity remained steady and healthy in the third quarter, according to a second GDP estimate released by the National Statistics Institute (INE) on 30 December.
December 27, 2019
Retail sales grew 3.0% year-on-year in November, accelerating from the 2.6% rise logged in October.