June 28, 2022 at 9:16 AM
Spanish producer prices logged double-digit growth in May, but the annual pace of increase slowed from April, data released by the statistical office INE showed on Monday.
Producer prices advanced 43.6% on a yearly basis in May, after climbing 44.5% in April.
Excluding energy, producer price inflation slowed to 15.3%, from 15.6% in the previous month.
Among components of the producer price index, energy prices registered the biggest annual increase of 113.6% in May. This was followed by a 25.0% rise in intermediate goods prices.
Prices of consumer goods were up 9.8% and capital goods prices grew 5.7%.
Month-on-month, producer prices gained 0.9% in May, slower than April's 1.3% rise.
