empty
 
 

2023.10.2508:33:00UTC+00Spain Producer Prices Continue To Fall Sharply

Spain's producer prices declined for the seventh straight consecutive month in September, and at a steeper rate amid cheaper energy prices, the statistical office INE said Wednesday.

The producer price index fell 8.6 percent year-over-year in September, following a 9.9 percent decline in August. Prices have been falling since March.

Excluding energy, producer price inflation rose somewhat to 1.8 percent from 1.7 percent.

On a monthly basis, producer prices moved up 1.4 percent following August's 1.3 percent rebound.

The annual fall in overall producer prices was driven by the sharp 25.7 percent decline in energy prices. Intermediate goods prices also showed a fall of 5.3 percent.

On the other hand, prices for capital goods and consumer goods grew by 2.4 percent and 9.3 percent, respectively, in September from last year.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback