MADRID (dpa-AFX) - Spain's producer prices continued to decline in October, data from the statistical office INE showed Monday.
Producer prices dropped 2.8 percent year-on-year but slower than the 3.3 percent decrease seen in September. This was the fifth consecutive decline in prices.
The annual fall was largely driven by a sharp 8.2 percent decline in energy prices.
Excluding energy, producer prices fell 0.2 percent after remaining flat over the last two months.
On a monthly basis, producer price inflation rose to 0.5 percent in October from 0.1 percent a month ago, data showed.
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