Average inflation measured by CPI reached 0.700 % in 2019 in Spain, according to the National Statistical Office. This is 58.2 % less than in the previous year.
Historically, average inflation measured by CPI in Spain reached an all time high of 24.5 % in 1977 and an all time low of -0.500 % in 2015. When compared to Spain's main peers, average inflation measured by CPI in France amounted to 1.30 %, 0.634 % in Italy, 0.240 % in Morocco and 0.300 % in Portugal in 2019.
Spain has been ranked 140th within the group of 175 countries we follow in terms of average inflation measured by CPI, 15 places above the position seen 10 years ago.
Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.