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Spain’s producer price inflation accelerates in August

Spain’s producer price inflation accelerates in August

MADRID: Spain’s producer price inflation increased in August, figures from the statistical office INE showed Monday. Producer price inflation accelerated to 3.2 percent in August from 3 percent in July. Excluding energy, producer prices gained 2.1 percent after rising 2 percent in the previous month.

Among components, energy prices showed the biggest annual increase of 6 percent, followed by a 2.9 percent rise in intermediate goods cost. Prices of equipment goods gained 0.8 percent and consumer goods by 2 percent. Month-on-month, producer prices fell 0.1 percent for the second straight time.