Thursday, March 27, 2008

Spain Producer Prices February 2008

According to the INE data released earlier this week, producer prices in Spain were increasing at a year on year rate 6.6% in February, a very hefty clip, especially given the rate at which the economy seems to be decelerating.

The General Industrial Price Index registered an increase of 6.6% in February 2008 with respect to the previous year. The activities that most influenced this variation were Food and beverage products industry (11.0%) and Manufacture of coke and refined petroleum products (25.3%).

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