Spain EUR

Spain Inflation Rate YoY Prel

Info

History

Chart

Impact:

Medium

Source: National Statistics Institute (INE)

Latest Release:

Date:

Surprise:

-0.2%

EUR

Actual:

1.9%

Forecast: 2.1%

Previous/Revision:

2.2%

Period: May

Next Release:

Date:

Period: Jun

What Does It Measure?

The Spain Inflation Rate Year-over-Year Preliminary (YoY Prel) measures the percentage change in consumer prices over the past year, providing insights into the country's inflationary trends. This indicator focuses primarily on the cost of consumer goods and services, which reflects the overall price level in the economy, and is crucial in assessing consumers' purchasing power and cost of living.

Frequency

This indicator is released monthly, typically as a preliminary estimate around the end of the month for the previous month's data.

Why Do Traders Care?

Traders monitor the inflation rate closely as it directly affects monetary policy and financial market dynamics; higher inflation readings may prompt central banks to increase interest rates, which can lead to a stronger currency and influence stock market performance. Consequently, accurate and timely inflation data is vital for economic forecasts and understanding potential impacts on investments.

What Is It Derived From?

The inflation rate is derived from a comprehensive survey of consumer prices across a wide range of goods and services, collected through standardized methodologies. The data collection process involves measuring prices from various sectors, including housing, transportation, healthcare, and recreation, with weights assigned based on consumer spending patterns.

Description

Preliminary reports reflect early estimates of inflation based on incomplete data and are subject to revision, while final reports provide a more precise picture after fully compiling and analyzing the data. The Year-over-Year (YoY) comparison is utilized to eliminate seasonal variations and highlight longer-term trends.

Additional Notes

The inflation rate serves as a coincident economic indicator, as it reflects current consumer price trends that can affect other economic measures, such as wage growth and consumer spending. Additionally, it is often compared with inflation rates from other Eurozone countries to gauge Spain's relative economic health.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bearish for Stocks. Lower than expected: Bearish for EUR, Bullish for Stocks. Hawkish tone: Signaling higher interest rates due to inflation concerns, is usually good for the EUR but bad for Stocks due to higher borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 30, 2025	1.9%	2.1%	2.2%	-0.2%
Apr 29, 2025	2.2%	2%	2.3%	0.2%
Mar 28, 2025	2.3%	2.7%	3%	-0.4%
Feb 27, 2025	3%	3%	2.9%
Jan 30, 2025	3%	2.9%	2.8%	0.1%
Dec 30, 2024	2.8%	2.6%	2.4%	0.2%
Nov 28, 2024	2.4%	2.4%	1.8%
Oct 30, 2024	1.8%	1.8%	1.5%
Sep 27, 2024	1.5%	1.9%	2.3%	-0.4%
Aug 29, 2024	2.2%	2.4%	2.8%	-0.2%
Jul 30, 2024	2.8%	3%	3.4%	-0.2%
Jun 28, 2024	3.4%	3.3%	3.6%	0.1%
May 30, 2024	3.6%	3.7%	3.3%	-0.1%
Apr 29, 2024	3.3%	3.4%	3.2%	-0.1%
Mar 27, 2024	3.2%	3.2%	2.8%
Feb 29, 2024	2.8%	2.7%	3.4%	0.1%
Jan 30, 2024	3.4%	3.1%	3.1%	0.3%
Dec 29, 2023	3.1%	3.4%	3.2%	-0.3%
Nov 29, 2023	3.2%	3.7%	3.5%	-0.5%
Oct 30, 2023	3.5%	3.8%	3.5%	-0.3%
Sep 28, 2023	3.5%	3.5%	2.6%
Aug 30, 2023	2.6%	2.6%	2.3%
Jul 28, 2023	2.3%	1.6%	1.9%	0.7%
Jun 29, 2023	1.9%	1.7%	3.2%	0.2%
May 30, 2023	3.2%	3.5%	4.1%	-0.3%
Apr 28, 2023	4.1%	4.4%	3.3%	-0.3%
Mar 30, 2023	3.3%	3.8%	6%	-0.5%
Feb 28, 2023	6.1%	5.7%	5.9%	0.4%
Jan 30, 2023	5.8%	5.5%	5.7%	0.3%
Dec 30, 2022	5.8%	6.4%	6.8%	-0.6%
Nov 29, 2022	6.8%	7.4%	7.3%	-0.6%
Oct 28, 2022	7.3%	8%	8.9%	-0.7%
Sep 29, 2022	9%	10.1%	10.5%	-1.1%
Aug 30, 2022	10.4%	10.9%	10.8%	-0.5%
Jul 29, 2022	10.8%	10.6%	10.2%	0.2%
Jun 29, 2022	10.2%	9%	8.7%	1.2%
May 30, 2022	8.7%	8.3%	8.3%	0.4%
Apr 28, 2022	8.4%	9%	9.8%	-0.6%
Mar 30, 2022	9.8%	8%	7.6%	1.8%
Feb 28, 2022	7.4%	6.8%	6.1%	0.6%
Jan 31, 2022	6%	5.7%	6.5%	0.3%
Dec 30, 2021	6.7%	5.7%	5.5%	1%
Nov 29, 2021	5.6%	5.6%	5.4%
Oct 28, 2021	5.5%	4.5%	4%	1%
Sep 29, 2021	4%	3.5%	3.3%	0.5%
Aug 30, 2021	3.3%	3%	2.9%	0.3%
Jul 29, 2021	2.9%	2.5%	2.7%	0.4%
Jun 29, 2021	2.6%	2.7%	2.7%	-0.1%
May 31, 2021	2.7%	2.6%	2.2%	0.1%
Apr 29, 2021	2.2%	1.9%	1.3%	0.3%
Mar 30, 2021	1.3%	0.9%	0%	0.4%
Feb 26, 2021	0%	0.6%	0.5%	-0.6%
Jan 29, 2021	0.6%	-0.5%	-0.5%	1.1%
Dec 30, 2020	-0.5%	-0.7%	-0.8%	0.2%
Nov 30, 2020	-0.8%	-0.8%	-0.8%
Oct 29, 2020	-0.9%	-0.6%	-0.4%	-0.3%
Sep 29, 2020	-0.4%	-0.5%	-0.5%	0.1%
Aug 31, 2020	-0.5%	-0.5%	-0.6%
Jul 30, 2020	-0.6%	-0.3%	-0.3%	-0.3%
Jun 29, 2020	-0.3%	-0.5%	-0.9%	0.2%
May 28, 2020	-1%	-0.9%	-0.7%	-0.1%
Apr 30, 2020	-0.7%	-0.8%	0%	0.1%
Mar 30, 2020	0.1%	0.5%	0.7%	-0.4%
Feb 27, 2020	0.8%	0.8%	1.1%
Jan 31, 2020	1.1%	1%	0.8%	0.1%
Dec 30, 2019	0.8%	0.9%	0.4%	-0.1%
Nov 28, 2019	0.4%	0.1%	0.1%	0.3%
Oct 30, 2019	0.1%	0%	0.1%	0.1%
Sep 30, 2019	0.1%	0.1%	0.3%
Aug 29, 2019	0.3%	0.4%	0.5%	-0.1%
Jul 29, 2019	0.5%	0.5%	0.4%
Jun 27, 2019	0.4%	0.5%	0.8%	-0.1%
May 30, 2019	0.8%	1.1%	1.5%	-0.3%
Apr 30, 2019	1.5%	1.5%	1.3%
Mar 28, 2019	1.3%	1.3%	1.1%
Feb 28, 2019	1.1%	1.1%	1%
Jan 31, 2019	1%	1.2%	1.2%	-0.2%
Dec 28, 2018	1.2%	1.2%	1.7%
Nov 29, 2018	1.7%	2%	2.3%	-0.3%
Oct 30, 2018	2.3%	2.3%	2.3%
Sep 28, 2018	2.2%	2.2%	2.2%
Aug 30, 2018	2.2%	2.2%	2.2%
Jul 30, 2018	2.2%	2.3%	2.3%	-0.1%
Jun 28, 2018	2.3%	2.2%	2.1%	0.1%
May 30, 2018	2%	1.7%	1.1%	0.3%
Apr 27, 2018	1.1%	1.2%	1.2%	-0.1%
Mar 27, 2018	1.2%	1.5%	1.1%	-0.3%
Feb 27, 2018	1.1%	0.9%	0.6%	0.2%
Jan 31, 2018	0.5%	0.9%	1.1%	-0.4%
Dec 29, 2017	1.2%	1.5%	1.7%	-0.3%
Nov 29, 2017	1.6%	1.6%	1.6%
Oct 30, 2017	1.6%	1.6%	1.8%
Sep 28, 2017	1.8%	1.8%	1.6%
Aug 30, 2017	1.6%	1.7%	1.5%	-0.1%
Jul 28, 2017	1.5%	1.5%	1.5%
Jun 29, 2017	1.5%	1.6%	1.9%	-0.1%
May 30, 2017	1.9%	2.1%	2.6%	-0.2%
Apr 27, 2017	2.6%	2.5%	2.3%	0.1%
Mar 30, 2017	2.3%	3%	3%	-0.7%
Feb 27, 2017	3%	3.3%	3%	-0.3%
Jan 31, 2017	3%	2.3%	1.6%	0.7%
Dec 30, 2016	1.5%	0.9%	0.7%	0.6%
Nov 29, 2016	0.7%	0.5%	0.7%	0.2%
Oct 28, 2016	0.7%	0.3%	0.2%	0.4%
Sep 29, 2016	0.3%	0.1%	-0.1%	0.2%
Aug 30, 2016	-0.1%	-0.5%	-0.6%	0.4%
Jul 29, 2016	-0.6%	-0.6%	-0.8%
Jun 29, 2016	-0.8%	-0.7%	-1%	-0.1%
May 30, 2016	-1%	-1.1%	-1.1%	0.1%
Apr 28, 2016	-1.1%	-0.6%	-0.8%	-0.5%
Mar 31, 2016	-0.8%	-0.6%	-0.8%	-0.2%
Jan 29, 2016	-0.3%	0.1%	0%	-0.4%
Dec 30, 2015	0%	0.1%	-0.3%	-0.1%
Nov 27, 2015	-0.3%	-0.5%	-0.7%	0.2%
Oct 29, 2015	-0.7%	-0.5%	-0.9%	-0.2%
Sep 29, 2015	-0.9%	-0.6%	-0.4%	-0.3%
Aug 28, 2015	-0.4%	-0.1%	0.1%	-0.3%
Jul 30, 2015	0%	0.2%	0.1%	-0.2%
Jun 29, 2015	0.1%	0.1%	-0.2%
May 29, 2015	-0.2%	-0.4%	-0.6%	0.2%