The Spanish statistical office INE released its producer price index (PPI) data for Spain on Thursday. The Spanish producer prices rose 0.3% in May, after a 0.5% increase in April.

On a yearly basis, producer price inflation in Spain fell 1.4% in May, after a 0.9% decline in April. Producer prices have been declining since July 2014.

Producer prices excluding energy climbed 0.7% year-on-year in May, after a 0.6% rise in April.

Energy prices dropped 7.5% in May.