Inflation in Spain rises 0.4% on an annual basis and 2.6% on an annual basis

Bayanalysis - Consumer prices in Spain rose to 107.38 points in June, from 106.95 points in the previous May, meaning that inflation in Spain rose by 0.4 percent during June 2021 on a monthly basis, according to the National Institute of Statistics in Spain (INE), and according to what was stated in expectations.

On the other hand, inflation in Spain declined on an annual basis, recording a growth of 2.6 percent in June 2021, despite it being a slight change from the level of June in the previous four years, which recorded an average of 2.7 percent, and less than the inflation expectations, which indicated that the same previous rate was recorded. This June.

The odds are that the cost of fuel and lubricants will rise at a slower pace, and also that the annual rate of inflation in Spain is unchanged at 0.2% in the current June on a monthly basis - this annual inflation rate excludes volatile items such as food and non-manufactured energy products.

Historically, the inflation rate in Spain recorded its highest rate in May 1976, which amounted to 4.58% on a monthly basis, and “consumer prices” inflation in Spain recorded its highest rate on an annual basis in September 1977, and at that time it reached 28.43%.

The lowest inflation rate in Spain on a monthly basis came in January 2016 and amounted to negative 1.9%, and the lowest Spanish inflation rate on an annual basis was in July 2009 and amounted to negative 1.37%.