COVID-19 and its impact on inflation in Spain
Fecha: enero 2021
María Jesús Fernández
Although Spain recorded an inflation rate of -0.3% in 2020, the only clear-cut case of crisis induced deflation was in energy products, with subcategories in the services sector exhibiting both inflationary and disinflationary trends. Over the near-term, it is likely that inflation will bounce back due to rising vaccination rates, the lifting of social distancing measures, and a decrease in the historically high savings rate.