Spain Producer Price Decline Worsens For Second Month

Spain’s producer prices decreased at a faster pace for the second straight month in September, preliminary data from the statistical office INE showed on Friday.

The producer price index fell 3.3 percent year-on-year after a 2.6 percent slump in August. In July, prices decreased 0.7 percent. Producer prices have been falling since June.

Producer prices for the energy industry fell 10 percent, driven by a decline in the prices of product, transport and electricity distribution, the agency said.

Intermediate goods prices decreased 1 percent, while prices in the production of non-durable consumer goods climbed 0.7 percent.

Excluding energy, producer prices climbed 0.1 percent annually in September.

Month-on-month, producer prices edged up 0.1 percent in September.

The material has been provided by InstaForex Company – www.instaforex.com