Investing
Spain’s industrial prices fall 5.2% year-on-year in September
Global Banking & Finance Review®
Company
(Reuters) – Spanish industrial prices fell 5.2% in the 12 months through September, down from a revised 1.4% decrease in the 12 months through August, the National Statistics Institute (INE) said on Friday.
INE revised down the year-on-year August price decline to 1.4% from an initial 1.3% decrease.
On a monthly basis, industrial prices fell 2.3% in September from August, INE said.
(Reporting by Natalia Siniawski, editing by David Latona)
Industrial prices refer to the prices charged for goods produced by industries. They can fluctuate based on supply and demand, production costs, and economic conditions.
Year-on-year change compares a statistic for one period with the same period in the previous year, providing insight into growth or decline over time.
The National Statistics Institute (INE) is the official statistical agency of Spain, responsible for collecting and publishing data related to the country's economy, population, and society.
A monthly price index measures the average change in prices for a basket of goods and services over a month, reflecting inflation or deflation trends.
Explore more articles in the Investing category
