The Spanish statistical office INE released its producer price index (PPI) data for Spain on Wednesday. The Spanish producer prices dropped 0.7% in October, after a 0.9% fall in September.

On a yearly basis, producer price inflation in Spain fell 3.5% in October, after a 3.6% decline in September. Producer prices have been declining since July 2014.

Producer prices excluding energy were flat year-on-year in October, after a 0.3% rise in September.

Energy prices slid 13.2% year-on-year in October.