2017.03.2406:24:00UTC+00Spain PPI Inflation Eases In February

Spain's producer price inflation eased in February after accelerating in the previous three months, the statistical office INE said Friday.

Producer prices rose 7.3 percent year-over-year in February, slower than January's 7.6 percent spike, which was the biggest increase since July 2011.

Excluding energy, producer prices grew 2.5 percent annually in February, following a 1.8 percent climb in the prior month.

The PPI inflation was mainly driven by a 22.9 percent surge in energy prices. Prices for intermediate goods and consumer goods climbed by 4.0 percent and 1.9 percent, respectively.

On a monthly basis, producer prices fell 1.3 percent from January, when it increased by 1.9 percent. It was the first decrease in six months.