The inflation rates of energy commodity prices in Spain increased significantly in 2021 and 2022. Electricity saw the steepest rise, with the inflation rate peaking at 107.8 percent in March 2022 before dropping later in the year. These increases in inflation were driven further by Russia's invasion of Ukraine, which has caused uncertainty over Europe's security of gas supply, as well as intense energy price volatility.
Harmonized index of consumer prices (HICP) energy inflation rate in Spain from January 2019 to May 2024, by commodity
According to the source, the Harmonized Indices of Consumer Prices (HICP) measure changes in the prices of consumer goods and services over time. These indices provide comparable measures of inflation.
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Eurostat. (June 18, 2024). Harmonized index of consumer prices (HICP) energy inflation rate in Spain from January 2019 to May 2024, by commodity [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1329221/spain-energy-inflation-rate-by-commodity/
Eurostat. "Harmonized index of consumer prices (HICP) energy inflation rate in Spain from January 2019 to May 2024, by commodity." Chart. June 18, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1329221/spain-energy-inflation-rate-by-commodity/
Eurostat. (2024). Harmonized index of consumer prices (HICP) energy inflation rate in Spain from January 2019 to May 2024, by commodity. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1329221/spain-energy-inflation-rate-by-commodity/
Eurostat. "Harmonized Index of Consumer Prices (Hicp) Energy Inflation Rate in Spain from January 2019 to May 2024, by Commodity." Statista, Statista Inc., 18 Jun 2024, https://www.statista.com/statistics/1329221/spain-energy-inflation-rate-by-commodity/
Eurostat, Harmonized index of consumer prices (HICP) energy inflation rate in Spain from January 2019 to May 2024, by commodity Statista, https://www.statista.com/statistics/1329221/spain-energy-inflation-rate-by-commodity/ (last visited August 24, 2024)
Harmonized index of consumer prices (HICP) energy inflation rate in Spain from January 2019 to May 2024, by commodity [Graph], Eurostat, June 18, 2024. [Online]. Available: https://www.statista.com/statistics/1329221/spain-energy-inflation-rate-by-commodity/