Spain's PPI up by 0.7%

Spain’s PPI up by 0.7%

The National Statistics Institute (INE) said that Spain's May producer price index (PPI) surged by 0.7% from April and by 3.8% from a year earlier. Mining industry prices were up by 0.2% month-on-month and 4.7% year-on-year while the prices of manufacturing goods indicated a rise of 0.8% and 4.4% compared to previous month and the same period of last year respectively. Monthly 0.4% increase was recorded in the consumer goods and on an annual basis 3.1% rise. When compared to April, the prices of capital goods and intermediate goods rose by 1.2% and 0.6% respectively.