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Spanish industrial prices down 1.3% in August

Producer price inflation in Spain last month was minus 1.3%, the country’s statistical office Ine said on Wednesday.

Producer price inflation declined in August, particularly for energy, totalling minus 6%, while prices for intermediate goods fell by 1.2% year-on-year.

Meanwhile, producer price inflation for capital goods stood at 2.3 per cent and consumer goods at 1.6 per cent over the same period.

Ine also reported that producer price inflation was 1.5 per cent month-on-month in August.

Energy prices rose 5.3 per cent from July to August, while capital goods prices rose marginally by 0.2 per cent.

Consumer goods producer price inflation was 0.2% and intermediate goods producer price inflation was 0.4% month-on-month.

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