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The Spanish statistical office INE released its producer price index (PPI) data for Spain on Wednesday. The Spanish producer prices dropped 0.7% in October, after a 0.9% fall in September.
On a yearly basis, producer price inflation in Spain fell 3.5% in October, after a 3.6% decline in September. Producer prices have been declining since July 2014.
Producer prices excluding energy were flat year-on-year in October, after a 0.3% rise in September.
Energy prices slid 13.2% year-on-year in October.
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