Spain's producer prices declined at the fastest pace since early 2024 due to the fall in energy prices in February, data released by the statistical office INE showed Wednesday.
Producer prices fell 7.0 percent year-on-year in February, following January's 2.8 percent decrease. This was the biggest fall since March 2024.
The annual decline was driven by the 22.3 percent fall in energy prices. Prices of capital and consumer goods grew 2.0 percent and 1.1 percent, respectively. Intermediate goods prices rose only 0.1 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.