Consumer Opinion Surveys: Consumer Prices: Future Tendency for Spain
CSINFT02ESM460S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.30
Year-over-Year Change
-34.00%
Date Range
6/1/1986 - 9/1/2024
Summary
The 'Consumer Opinion Surveys: Consumer Prices: Future Tendency for Spain' tracks consumer expectations about future price changes in Spain. This leading indicator helps economists and policymakers understand consumer sentiment and anticipate inflationary pressures.
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
This survey-based metric measures Spanish consumers' perceptions of future price changes. It is used to gauge household inflation expectations, which can influence actual spending and price-setting behavior. The indicator provides timely insight into consumer psychology and helps forecast near-term inflation trends.
Methodology
The data is collected through a monthly survey of Spanish households by the European Commission.
Historical Context
This consumer sentiment indicator is closely watched by the European Central Bank and other policymakers to inform monetary policy decisions.
Key Facts
- Spain's consumer price expectations have remained above the long-term average since 2021.
- The indicator reached a multi-year high in early 2022 amid rising energy and food costs.
- Sustained high inflation expectations can contribute to a self-fulfilling inflationary spiral.
FAQs
Q: What does this economic trend measure?
A: This survey-based indicator tracks Spanish consumers' perceptions of future price changes, providing insight into household inflation expectations.
Q: Why is this trend relevant for users or analysts?
A: Consumer inflation expectations can influence actual spending and price-setting behavior, making this indicator a valuable leading signal for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of Spanish households conducted by the European Commission.
Q: How is this trend used in economic policy?
A: The European Central Bank and other policymakers closely monitor this consumer sentiment indicator to inform monetary policy decisions and anticipate inflationary pressures.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insight into evolving consumer price expectations in Spain.
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Citation
U.S. Federal Reserve, Consumer Opinion Surveys: Consumer Prices: Future Tendency for Spain (CSINFT02ESM460S), retrieved from FRED.