Top News

Spain Producer Prices Decline Most Since 1975

Spain’s producer prices declined at a record pace in May, data from the statistical office INE showed on Thursday.

The producer prices index fell 8.7 percent year-on-year in May, following an 8.4 percent decline in April. This was the slowest since the series began in January 1975.

Excluding energy, producer price decreased 0.9 percent in May, following a 0.5 percent fall in the previous month.

Prices for energy declined 24.7 percent annually in May and intermediate goods prices decreased 3.5 percent.

Meanwhile, consumer goods prices rose 0.9 percent and prices of capital goods increased 0.8 percent.

On a monthly basis, producer prices decreased 0.2 percent in May, following a 3.0 percent decline in the prior month.

Related Articles

Back to top button

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!