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Spain's producer prices declined at a slower pace in January, data from the statistical office INE revealed Tuesday.
Producer prices were down 0.8 percent year-on-year in January, slower than the 1.8 percent decrease logged in December. This was the slowest decline since July 2019.
Meanwhile, excluding energy, producer price increased at a faster pace of 0.6 percent after rising 0.3 percent in December. This was the second consecutive rise in prices.
On a monthly basis, producer prices increased for the first time in three months in January. Producer prices advanced 1.1 percent, reversing a 0.4 percent drop in December.
