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Spain's producer price inflation accelerates

Spain producer prices
Europe   Producer prices grew 1.9% in Spain

Spain producer prices increased at a faster pace in April on energy cost, the statistical office INE reported Friday.

Producer prices grew 1.9% year-on-year in April, faster than the 1.3% increase in March. Excluding energy, inflation eased slightly to 1.1% from 1.2% a month ago.

Among components, energy prices advanced 5.1%, followed by a 2.3% rise in intermediate goods prices. Equipment goods prices rose 0.9% and consumer prices gained only 0.1%.

On a monthly basis, producer prices rebounded 0.7% after falling 1% a month ago. This was the first increase in three months.


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