Spain Consumer Price Index (CPI) y/y

Country:
Spain
EUR, Euro
Sector:
Prices
Low 9.0% 10.8%
10.5%
Last release Importance Actual Forecast
Previous
9.0%
9.0%
Next release Actual Forecast
Previous
  • Overview
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  • History
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Spain's Consumer Price Index (CPI) y/y demonstrates changes in average prices for a consumer basket of goods and services in the specified month compared to the same month of the previous year. The index shows how prices change from the consumer perspective. In other words, it allows estimating changes in the cost of living. The purpose of this annually published index is to reflect changes in prices for goods and services from the consumer basket, while the related data is obtained by interviewing Spanish households.

In order to track the consumer behavior model, the goods and services most frequently used among the majority of the population are selected for the consumer basket. Companies involved in calculations should be widespread, while the importance of each product or service included in the consumer basket should be consistent with household consumer trends. The accuracy of selected components selects the representative accuracy of the index itself.

The price data is collected from a survey which is automatically created for each institution. The interviewer marks in the document the prices for goods and services included in the consumer basket, as well as the distribution of these goods and services. Each interviewer visits one place, with the exception of hypermarkets and shopping centers. About 220,000 prices received from the survey are processed on the monthly basis. The prices are further processed in central offices, indexes are calculated on their basis and are published within the first two weeks of the next month. Similar to most of European Union countries, the prices included in the CPI calculation are selected in a certain predefined manner to exclude the probability factor and to comply with the analyzed population characteristics.

Weighing is performed based on consumer spending. This is used to maintain the general weighing structure for the consumer basket.

The Consumer Price Index is often used for the evaluation of national inflation as the CPI increase indicates the inflation increase. Thus, the consumer price index is used to adjust wages and social benefits, as well as regulating the property tax structure and calculating the actual GDP.

The CPI growth is seen as positive for the euro quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "Spain Consumer Price Index (CPI) y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Sep 2022 prelim.
9.0%
10.8%
10.5%
Aug 2022
10.5%
10.4%
10.4%
Aug 2022 prelim.
10.4%
11.3%
10.8%
Jul 2022
10.8%
10.8%
10.8%
Jul 2022 prelim.
10.8%
10.7%
10.2%
Jun 2022
10.2%
10.2%
10.2%
Jun 2022 prelim.
10.2%
9.0%
8.7%
May 2022
8.7%
8.7%
8.7%
May 2022 prelim.
8.7%
7.2%
8.3%
Apr 2022
8.3%
8.4%
8.4%
Apr 2022 prelim.
8.4%
10.8%
9.8%
Mar 2022
9.8%
9.8%
9.8%
Mar 2022 prelim.
9.8%
7.7%
7.6%
Feb 2022
7.6%
7.4%
7.4%
Feb 2022 prelim.
7.4%
6.0%
6.1%
Jan 2022
6.1%
6.0%
6.0%
Jan 2022 prelim.
6.0%
6.7%
6.5%
Dec 2021
6.5%
6.7%
6.7%
Dec 2021 prelim.
6.7%
5.4%
5.5%
Nov 2021
5.5%
5.6%
5.6%
Nov 2021 prelim.
5.6%
6.1%
5.4%
Oct 2021
5.4%
5.5%
5.5%
Oct 2021 prelim.
5.5%
4.2%
4.0%
Sep 2021
4.0%
4.0%
4.0%
Sep 2021 prelim.
4.0%
3.2%
3.3%
Aug 2021
3.3%
3.3%
3.3%
Aug 2021 prelim.
3.3%
2.8%
2.9%
Jul 2021
2.9%
2.9%
2.9%
Jul 2021 prelim.
2.9%
2.4%
2.7%
Jun 2021
2.7%
2.6%
2.6%
Jun 2021 prelim.
2.6%
2.9%
2.7%
May 2021
2.7%
2.7%
2.7%
May 2021 prelim.
2.7%
2.0%
2.2%
Apr 2021
2.2%
2.2%
2.2%
Apr 2021 prelim.
2.2%
1.9%
1.3%
Mar 2021
1.3%
1.3%
1.3%
Mar 2021 prelim.
1.3%
-0.3%
0.0%
Feb 2021
0.0%
0.0%
0.0%
Feb 2021 prelim.
0.0%
1.0%
0.5%
Jan 2021
0.5%
0.6%
0.6%
Jan 2021 prelim.
0.6%
-0.5%
-0.5%
Dec 2020
-0.5%
-0.5%
-0.5%
Dec 2020 prelim.
-0.5%
-0.5%
-0.8%
Nov 2020
-0.8%
-0.8%
-0.8%
Nov 2020 prelim.
-0.8%
-1.0%
-0.8%
Oct 2020
-0.8%
-0.9%
-0.9%
Oct 2020 prelim.
-0.9%
-0.6%
-0.4%
Sep 2020
-0.4%
-0.4%
-0.4%
Sep 2020 prelim.
-0.4%
-0.3%
-0.5%
Aug 2020
-0.5%
-0.5%
-0.5%

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