The harmonised annual inflation rate in Spain accelerated to 3.3% in March 2024 from 2.9% in February of 2024, slightly higher than 3.2% in the preliminary estimate. Harmonised Inflation Rate YoY in Spain averaged 2.59 percent from 1993 until 2024, reaching an all time high of 10.70 percent in July of 2022 and a record low of -1.50 percent in January of 2015. source: National Statistics Institute (INE)
Harmonised Inflation Rate YoY in Spain is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Harmonised Inflation Rate YoY is projected to trend around 1.80 percent in 2025, according to our econometric models.