Spain industrial prices rise at fastest pace in a year
Updated
Updated · Reuters · Apr 24
Spain industrial prices rise at fastest pace in a year
6 articles · Updated · Reuters · Apr 24
Industrial prices in Spain increased by 3.4% year-on-year and 6.5% month-on-month in March, driven by a 46.3% surge in petrol refining prices.
Energy prices rose 7.9% over the year, reversing a 22.1% fall in February, according to the National Statistics Institute.
Rising industrial prices, influenced by higher crude futures amid Middle East tensions, may signal further consumer inflation as companies pass on increased costs to customers.
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