The Spanish statistical office INE released its producer price index (PPI) data for Spain on Wednesday. The Spanish producer prices dropped 1.3% in February, after a 2.5% fall in January.

On a yearly basis, producer price inflation in Spain fell 5.7% in February, after a 4.2% decline in January. Producer prices have been declining since July 2014.

Energy prices slid 19.8% year-on-year in February, capital goods prices rose 0.8%, and consumer goods prices increased 0.2%, while intermediate goods prices declined 2.1%.