The Spanish statistical office INE released its producer price index (PPI) data for Spain on Monday. The Spanish producer prices increased 0.7% in March, after a 1.3% fall in February.

On a yearly basis, producer price inflation in Spain fell 5.4% in March, after a 5.7% decline in February. Producer prices have been declining since July 2014.

Energy prices slid 17.7% year-on-year in March, capital goods prices rose 0.7%, and consumer goods prices were flat, while intermediate goods prices declined 2.7%.