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The Spanish statistical office INE released its producer price index (PPI) data for Spain on Thursday. The Spanish producer prices rose 0.3% in May, after a 0.5% increase in April.
On a yearly basis, producer price inflation in Spain fell 1.4% in May, after a 0.9% decline in April. Producer prices have been declining since July 2014.
Producer prices excluding energy climbed 0.7% year-on-year in May, after a 0.6% rise in April.
Energy prices dropped 7.5% in May.
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