Consumer Price Index for Spain
DDOE01ESA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.68
Year-over-Year Change
20.91%
Date Range
1/1/1960 - 1/1/2017
Summary
The Consumer Price Index (CPI) for Spain measures the average change in prices paid by consumers for a basket of goods and services. It is a key indicator of inflation and an important metric for economic policymakers.
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 Spanish CPI tracks the prices of a representative sample of consumer items, including food, housing, transportation, and other common expenses. It is used to assess the purchasing power of the Spanish currency and inform decisions on monetary and fiscal policy.
Methodology
The Spanish National Statistics Institute collects price data from a network of retail outlets to calculate the CPI on a monthly basis.
Historical Context
The CPI is closely monitored by the European Central Bank and Spanish government to guide decisions on interest rates, taxes, and other economic policies.
Key Facts
- The base year for the Spanish CPI is 2015.
- Spain's CPI reached a record high of 10.8% in July 2022.
- The CPI is published on the 14th of each month by the National Statistics Institute.
FAQs
Q: What does this economic trend measure?
A: The Spanish Consumer Price Index (CPI) measures the average change in prices paid by consumers for a basket of common goods and services in Spain.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial indicator of inflation and the purchasing power of the Spanish currency, making it highly relevant for economic policymakers, investors, and consumers.
Q: How is this data collected or calculated?
A: The Spanish National Statistics Institute collects price data from a network of retail outlets to calculate the CPI on a monthly basis.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the European Central Bank and Spanish government to guide decisions on interest rates, taxes, and other economic policies.
Q: Are there update delays or limitations?
A: The CPI is published on the 14th of each month, with a short delay in data availability.
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Citation
U.S. Federal Reserve, Consumer Price Index for Spain (DDOE01ESA086NWDB), retrieved from FRED.