Spain Producer Prices Drop At Slower Pace

Spain’s producer prices declined at a slower pace in April, data from the statistical office INE showed Monday.

Producer prices fell 1 percent year-on-year in April after decreasing revised 1.3 percent in March. This was the tenth consecutive fall in producer prices.

Excluding energy, producer prices grew 0.5 percent following a 0.4 percent rise in the prior month.

On a monthly basis, growth in producer prices held steady at 0.4 percent in April. Prices increased for the third straight month.

Prices of consumer goods advanced 1.2 percent annually and that of capital goods climbed 0.6 percent. Meanwhile, energy and intermediate goods prices fell 5.5 percent and 0.2 percent respectively.

The material has been provided by InstaForex Company –