Financial News: Spain Producer Prices Rise 0.9% In November

Spain Producer Prices Rise 0.9% In November

12/26/2024 - 03:34:00 (RTTNews)

(RTTNews) - Spain's producer prices increased for the first time in twenty-one months in November amid a renewed rise in energy costs, provisional data from the statistical office INE showed on Thursday.

The producer price index posted an annual increase of 0.9 percent in November, reversing a 3.9 percent fall in October. Further, this was the first increase since March 2023.

Within overall prices, the declining trend in energy prices ceased and rose 2.4 percent from last year, the highest since February 2023.

This upward trend in energy prices was a consequence of the rise in prices of production, transportation, and distribution of electrical energy and, to a lesser extent, of oil refining, the agency said.

Intermediate goods prices were 0.9 percent lower compared to last year. Meanwhile, prices of consumer and capital goods increased by 0.5 percent and 1.9 percent, respectively.

On a monthly basis, producer prices climbed 2.7 percent, following a flat change in October.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In January (12 hr(s), 0 min(s),17 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

Eurozone Private Sector Grows In January (12 hr(s), 25 min(s), 17 sec(s) ago)
(RTTNews) - Euro area private sector returned to growth in January as the contraction in manufactu ...Full Story»

U.S. Existing Home Sales Jump Much More Than Expected In December (12 hr(s), 35 min(s), 17 sec(s) ago)
(RTTNews) - A report released by the National Association of Realtors on Friday showed existing ho ...Full Story»

Slovenia Consumer Confidence Weakens Slightly (13 hr(s), 46 min(s), 17 sec(s) ago)
(RTTNews) - Slovenian consumers remained slightly more pessimistic at the start of the year, figur ...Full Story»

Hungary Jobless Rate Falls To 4.4% (14 hr(s), 16 min(s), 17 sec(s) ago)
(RTTNews) - Hungary's unemployment rate increased during the October-December period, data fro ...Full Story»

Taiwan Q4 GDP Growth Eases To 1.84% (14 hr(s), 45 min(s), 17 sec(s) ago)
(RTTNews) - Taiwan's economy continued to expand in the final quarter of 2024, though at the ...Full Story»

UK Private Sector Logs Further Marginal Expansion (15 hr(s), 12 min(s), 17 sec(s) ago)
(RTTNews) - The UK private sector activity expanded at the fastest pace in three months in January ...Full Story»

Spain Producer Prices Rise 2.3% In December (16 hr(s), 20 min(s), 17 sec(s) ago)
(RTTNews) - Spain's producer prices increased for the second straight month in December amid a ...Full Story»