Spain's producer price inflation slowed less than economists expected in April, data released by statistical office Ine showed Friday.
Output price inflation eased to 3.1 percent in April from 4.5 percent in March, which was revised up from 3.3 percent. Economists were looking for an inflation rate of 2.7 percent.
Consumer goods prices rose 1.6 percent annually, while intermediate goods prices moved up 1.1 percent. There was a 9 percent annual growth in output prices of energy prices during the month.
Output prices in the mining and quarrying industry rose 1.6 percent year-on-year, while manufacturing prices advanced 2.3 percent, the agency said.
Month-on-month, output prices edged down 0.8 percent during the month, reversing the previous month's 0.8 percent growth. Economists expected prices to remain unchanged month-on-month.
by RTT Staff Writer
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