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Spain PPI Falls At Stable Rate In June

Spain's producer prices declined at a stable pace in June, figures from the statistical office INE showed Friday.

The producer price index fell 1.4 percent year-over-year in June, the same rate of decrease as in May. Prices have been falling since July last year.

Excluding energy, producer price inflation also held steady at 0.7 percent in June.

Energy prices alone plunged 7.4 percent in June from the previous year, while prices in the consumer goods sector grew by 1.2 percent.

On a monthly basis, producer prices increased at a faster pace of 0.9 percent in June, following a 0.3 percent climb in the prior month. It was the fifth month of rise in a row.

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