March 27, 2024
In February 2024, Spain’s industrial producer prices fell 8.2% year over year, which was a modest revision from the previous month’s 3.9% decline. Due to a 24.2% decrease in energy prices (as opposed to a -12.8% dip in January), producer costs dropped to their lowest point since last September. Alongside a reduction in the rates of inflation for capital goods (2.5% compared to 2.7%), and non-durable consumer goods (4.7% compared to 5.6%), the cost of intermediate products also dropped (-5.2% compared to -5.6%). Conversely, the inflation rate for durable consumer goods increased little from 0.8% to 0.9%. Producer prices fell 2.3% on a monthly basis in February after rising by 0.2% in January.
Source: Trading Economics
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