The panel of the Savings Box Foundation (FUNCAS), which includes forecasts from the main Spanish analysis institutes, anticipates that inflation continues above 3% the coming months as a result of the increased energy products, and estimates that the Annual average rate of 2021 is 2.4%, five tenths more than its previous forecast.
Inflation of 2022, also revisted up to 1.6%, while the expected interannual rates for by December 2021 and December 2022 are 3.2% and 1.2%, respectively. Regarding underlying inflation, this year would reach an annual average of 0.7% and 1.2% next.
Functions noted that the rise in inflation coincides with the recovery of the Spanish economy, which will grow by 6.2% this year, according to the panelists, a tenth more than expected in July. The national demand will be responsible for this evolution, when calculating that the contribution of the foreign sector will be null - in the previous panel, a contribution of the first of 5.8 points and three tenths of the second was estimated.Updated Date: 20 September 2021, 22:48