The Spanish statistical office INE released its producer price index (PPI) data for Spain on Friday. The Spanish producer prices dropped 1.7% in August, after a 0.1% decrease in July. It was the first decline in seven months.

On a yearly basis, producer price inflation in Spain fell 2.2% in August, after a 1.3% decline in July. Producer prices have been declining since July 2014.

Producer prices excluding energy climbed 0.6% year-on-year in August, after a 0.6% rise in July.

Energy prices dropped 9.8% year-on-year in August.