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Financial News: Spain Producer Price Inflation At 13-Month High

Spain Producer Price Inflation At 13-Month High

07/25/2018 - 03:18:00 (RTTNews)

(RTTNews) - Spain's producer prices climbed at the fastest pace in more than a year in June, the statistical office INE reported Wednesday.

Producer prices climbed 4.1 percent year-on-year in June, following a 3 percent rise in May. This was the fastest increase since May, when prices advanced 5.3 percent.

Excluding energy, producer prices increased 1.2 percent, faster than May's 1 percent rise.

Producer prices for energy logged an annual growth of 12.1 percent. Prices of intermediate goods and capital goods rose 3.3 percent and 0.8 percent, respectively.

Month-on-month, producer price inflation eased to 1 percent from 1.3 percent in May.

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