Spain: Producer Price Index
|Updated:||2/25/2014 3:35 AM|
|Analyst:||Zach Witton in London|
Spain’s producer price index fell 1.8% y/y in January, the largest drop in more than four years, following a 0.6% increase in the previous month. The main driver was weaker energy prices. Moody’s Analytics had forecast a year-ago decline of 0.7%. Producer prices in Spain should remain subdued in the coming months on the back of relatively low prices for oil and wheat, the stronger euro, and the weak economy.
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