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The Spanish statistical office INE released its producer price index (PPI) data for Spain on Friday. The Spanish producer prices dropped 1.7% in August, after a 0.1% decrease in July. It was the first decline in seven months.
On a yearly basis, producer price inflation in Spain fell 2.2% in August, after a 1.3% decline in July. Producer prices have been declining since July 2014.
Producer prices excluding energy climbed 0.6% year-on-year in August, after a 0.6% rise in July.
Energy prices dropped 9.8% year-on-year in August.
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