November 25, 2021 at 2:04 PM
Spain's producer prices continued to accelerate in October to hit a record high, data from the statistical office INE showed on Thursday.
Producer prices surged 31.9% year-on-year in October after rising 23.8% in the previous month. This was the fastest rate since the series began in January 1976.
Excluding energy, producer price inflation increased to 9.7%, the strongest since 1985, from 8.8% in the previous month.
Energy prices logged an annual growth of 87.3% in October. Prices of intermediate goods advanced 19% and that of consumer goods by 4%. Capital goods prices moved up 2.7%.
On a monthly basis, producer prices were up 6.1% versus 5.4% rise in September.
