Spain - Consumer Price Index (CPI)





Spain: Consumer Price Index (CPI)

Mnemonic CPI.IESP
Unit Index 2021=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 0.18 %
Data Apr 2022 107.38
Mar 2022 107.57

Series Information

Source National Institute of Statistics (INE)
Release Consumer Price Index
Frequency Monthly
Start Date 3/31/1954
End Date 4/30/2022

Spain: Price

Reference Last Previous Units Frequency
Consumer Price Index (CPI) Apr 2022 107.38 107.57 Index 2021=100, NSA Monthly
Producer Price Index (PPI) Mar 2022 154.24 144.74 Index 2015=100, NSA Monthly

Release Information

For Spain, the Consumer Price Index (CPI) is a statistical measure of the evolution of the prices of goods and services consumed by the population that reside in family dwellings.

The combination of goods and services that comprise the shopping basket is obtained from the consumption of families, and the importance of each (the weights) is determined by said consumption.

This Data Buffet release also includes the harmonized index of consumer prices (HICP or CPI-H).

Active:

  • Framework: UN Consumer Price Index Manual: Theory and Practice (2004)
  • Classification: ECOICOP
  • Measurements:
    • Fixed-base index relative to 2021 (Index 2021=100)
    • Month-over-month percent change (% M/M)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Geo coverage:
    • Country
    • Autonomous community (all 19 IESP_^^)
    • Province (IESP_^^^)
  • All concept-geo pairs exist: No

Predecessors:

  • 2016=100 - 2002m1 to 2021m12 (archive specifier "_16")
  • 2011=100 - 2002m1 to 2016m12 ("_11")
  • 2006=100 - 2002m1 to 2011m12 ("06")
  • 2001=100 - 2002m1 to 2006m12 ("01")
  • 1992=100 - 1993m1 to 2001m12 ("92")
  • 1983=100 - 1977m1 to 1992m12 ("83")

The base period of the CPI series, which represent the arithmetic mean of monthly indexes published was 2011=100 until December 2016. Starting January 2022, the base year has changed to 2021=100. For the harmonized index, the base is 2015=100.

The weight structure of base 2016 has been elaborated based on the Household Budget Continuous Survey expenditure on consumer goods and services. Also, in order to determine the definitive structure consumption from the National Accounts, price evolution from the CPI and other supply sources in the different sectors.

The reference stratum of the index includes in Spain nor is that of non-residents (whose expenditure, however, is included in the Harmonised Consumer Price Index EU).

The scope of CPI consumption comprises goods and services effectively paid during the base period. All imputed expenses are excluded, such as self-supplies, selfconsumption, imputed rentals and expenses subsidised by Public Administrations (for example, Health or Education), and also investment assets (such as owner occupied housing).

As of January 2012 the CPI methodology was completely renewed. The methodological changes introduced in this System has made the CPI indicator more dynamic, adapting better to the evolution of the market, given that it is possible to update the weightings more frequently. Furthermore, it is possible to include new products in the shopping basket when consumption becomes significant.

Moody's Analytics supplements

For the CPI general index for all geos, we back-extend and construct a seasonally adjusted counterpart.

For the HICP general index (national geo only), we back-extend prior to 1996m1 and construct a seasonally adjusted counterpart.

The global concept aliases are CPI and HICP.

Further reading

At the source:

At IMF (SDDS Plus):