Spain Producer Prices Continue To Fall

(RTTNews) - Spain's producer prices continued to decline in August but the pace of decrease slowed, data published by the statistical office INE showed on Wednesday.

Producer prices fell 1.3 percent on a yearly basis after easing 1.6 percent in July. Prices have been falling since March 2023.

Month-on-month, producer prices posted 1.5 percent increase, the same pace of rise as seen in July.

The annual fall was driven by the 6.0 percent decrease in energy prices and a 1.2 percent drop in intermediate goods prices. Meanwhile, prices of capital and consumer goods gained 2.3 percent and 1.6 percent, respectively.