Spain PPI Falls At Slower Rate In May

Spain’s producer prices continued to decline in May, though at a slower pace than in the previous month, figures from the statistical office INE showed Friday.

The producer price index fell 5.5 percent year-over-year in May, after a 5.9 percent decrease in April, which was revised from a 6.1 percent decline reported earlier.

The price index for energy declined the most by 17.8 percent annually in May, followed by intermediate goods with 2.5 percent drop. At the same, durable consumer goods prices registered an increase of 1.2 percent.

On a monthly basis, producer prices climbed 0.8 percent in May, in contrast to a 0.1 percent slight fall in the preceding month.

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