RTTNews - Spain's producer prices dropped 5% year-on-year in June, faster than a 4.4% drop in the preceding month, the National Statistics Institute said Thursday. Economists expected a drop of 4.7%. Producer prices have been falling continuously since Janaury this year.

On a monthly basis, producer prices were up 0.5% in June, faster than a 0.1% rise in May. This was the second consecutive month of increase in prices.

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