Spain’s industrial producer inflation slows in April

Spain’s annual industrial producer price inflation eased to 1.9 per cent in April, down from 4.6 per cent in March, according to data released by the National Statistics Institute (INE).

The slowdown was largely driven by a sharp deceleration in energy prices, which posted a 5.7 per cent annual increase—10.1 points lower than in March.

The drop stemmed from a steeper decline in electricity production and distribution prices, as well as falling oil refining prices compared to gains in April 2024.

Intermediate goods also weighed on the index, with a modest 0.1 per cent annual increase, down from 0.6 per cent. The decline was linked to lower prices for precious metals, non-ferrous metals, and chemical products.

On the upside, the Consumer Non-Durables sector softened its deflationary trend, registering a -1.3 per cent annual rate, 0.5 per cent higher than in March, partly due to a smaller drop in the prices of oils and fats.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama