Spain Producer Price Inflation Rises Sharply In August

SmartForexNews

MT5-Spain's industrial producer price inflation nearly doubled in August from the previous month, data released by the statistical office INE showed Tuesday.

The producer price index rose 4.1 percent, after climbing 2.6 percent in July. It was the fastest rate since March. The figure rose for the second straight month.

Producer prices in the manufacturing of non-durable goods rose 2.1 percent annually, while those in the production of durable goods increased 1 percent. Prices rose 1.9 percent in the manufacture of consumer goods.

Capital goods as well as intermediate goods industries saw 0.7 percent increase each in producer prices. Producer prices in the energy industry rose 12.6 percent.

Month-on-month, producer prices increased 1.1 percent in August, following a 0.8 percent gain in July. Prices rose for the second consecutive month. The monthly increase was the biggest since January.

Published: 2012-09-25 07:13:00 UTC+00 5 hours, 35 min. ago