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Financial News: Spain Producer Prices Decline At A Softer Pace

Spain Producer Prices Decline At A Softer Pace In July

08/25/2020 - 05:21:00 (RTTNews)

(RTTNews) - Spain's producer prices declined in July, albeit at a softer pace, data from the statistical office INE showed on Tuesday.

The producer prices index fell 4.8 percent year-on-year in July, following a 5.9 percent decline in June.

Excluding energy, producer price decreased 0.6 percent in July, after a 0.8 percent fall in the previous month.

Prices for energy declined 13.7 percent annually in July and intermediate goods prices decreased 2.2 percent.

Meanwhile, non-durable consumer goods prices rose 0.4 percent.

On a monthly basis, producer prices increased 1.8 percent in July, after a 2.0 percent rise in the prior month.

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