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Financial News: Spain Producer Prices Continue To Fall

Spain Producer Prices Continue To Fall

11/25/2019 - 03:40:00 (RTTNews)

(RTTNews) - Spain's producer prices continued to decline in October, data from the statistical office INE showed Monday.

Producer prices dropped 2.8 percent year-on-year but slower than the 3.3 percent decrease seen in September. This was the fifth consecutive decline in prices.

The annual fall was largely driven by a sharp 8.2 percent decline in energy prices.

Excluding energy, producer prices fell 0.2 percent after remaining flat over the last two months.

On a monthly basis, producer price inflation rose to 0.5 percent in October from 0.1 percent a month ago, data showed.

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