FXstreet.com (Barcelona) - Producer prices index has increased slightly above expectations in December with the Output PPI increasing 5.0% on the year, and the input 11.2% above the level of December 2006, according to data by National Statistics.
Output PPI rose 5.0% on the year, after a 4.7% yearly increase posted in November, revised up from a 4.5% rise estimated initially. The market consensus had advanced an increase around 4.7%. Excluding excise duties (PPIY) rose 5.1% on the year. Excluding food beverages tobacco and petroleum, output PPI rose 2.5%.
Between November and December, Output PPI has risen 0.5%, below the 0.6% revised increase posted on the previous month. Excluding food beverages, alcohol and petrol the rise was 0.4%.
Producer prices input have risen 11.3% on the year and 0.5% on the month. Excluding food beverages tobacco and petroleum PPI input rose 3.7% year on year, and 0.6% from November.