Inflation, consumer prices for Spain
FPCPITOTLZGESP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.77
Year-over-Year Change
13.41%
Date Range
1/1/1960 - 1/1/2024
Summary
The 'Inflation, consumer prices for Spain' trend measures the rate of change in consumer prices in Spain. This key economic indicator helps policymakers and analysts track the cost of living and monitor price stability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Inflation, consumer prices for Spain' trend represents the year-over-year percent change in the consumer price index (CPI) for Spain. The CPI is a widely-used measure of inflation that tracks the average change in prices paid by consumers for a basket of goods and services.
Methodology
The data is collected through household surveys and compiled by the Spanish National Statistics Institute.
Historical Context
This inflation metric is closely watched by the European Central Bank and other policymakers to inform monetary policy decisions.
Key Facts
- Spain's current annual inflation rate is 6.7%.
- Inflation has been rising in Spain since mid-2021.
- The ECB's target inflation rate for the Eurozone is 2%.
FAQs
Q: What does this economic trend measure?
A: The 'Inflation, consumer prices for Spain' trend measures the year-over-year percent change in the consumer price index (CPI) for Spain, which is a key indicator of inflation.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is critical for policymakers, economists, and market participants to assess the cost of living, monitor price stability, and inform monetary policy decisions in Spain and the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the Spanish National Statistics Institute.
Q: How is this trend used in economic policy?
A: The 'Inflation, consumer prices for Spain' trend is closely watched by the European Central Bank and other policymakers to help set monetary policy and manage inflation in the Eurozone.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, typically around two weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for Spain (FPCPITOTLZGESP), retrieved from FRED.