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Financial News: Spain Producer Price Inflation Eases In May

Spain Producer Price Inflation Eases In May

06/26/2017 - 03:14:00 (RTTNews)

(RTTNews) - Spain's producer price inflation eased in May, figures from the statistical office INE showed Monday.

Producer prices advanced 5.3 percent year-on-year in May, following April's 6 percent increase.

Excluding energy, producer prices increased only 2.6 percent after rising 2.8 percent in the previous month. Prices of energy surged 13.2 percent from a year ago.

Data showed that consumer goods prices climbed 2.6 percent and capital goods prices gained 1 percent. Prices of intermediate goods grew 3.4 percent.

Month-on-month, producer prices edged up 0.1 percent, the same pace of increase as seen in April.

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