RTTNews - Spanish producer prices declined 3.4% year-on-year in April, the official statistical agency INE reported Monday. This came after a 2.5% slump in March. Producer prices embarked on a declining trend at the start of the year and this is biggest fall thus far. The latest decline was largely due to a fall in prices in manufacture of coke and refined petroleum products as well as basic metals.

Month-on-month, producer prices slid 0.3% in April after registering a 0.5% decline in the previous month. This was the second monthly decline in a row.

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