FXstreet.com (Barcelona) - Producer prices index (PPI) has increased above expectations in January with the Output PPI increasing 5.7% on the year, and the Input PPI leaping up 19.1% above the level of January 2007, according to data released by National Statistics.
Output PPI rose 5.7% on the year in January, after a 5.0% yearly increase posted in December. The market consensus had advanced an increase of 5.1%. Excluding excise duties (PPIY) rose 5.9% on the year, excluding food, beverage and tobacco, output PPI rose 3.1% respect to January 2007.
Between December and January, Output PPI has risen 1.0%, above the 0.4% revised increase posted on the previous month, excluding food, beverage, tobacco and petroleum, Output PPI has risen 0.8%.
Producer Prices Input have a risen 19.1% on the year and 2.6% on the month. The yearly data was well above expectations of a 14.3% increase. Excluding food, beverage, tobacco and petroleum, PPI input rose 7.3% year on year, and 2.3% from December.