Rttnews says that Spain's producer prices declined at the slowest pace in more than a year in September, the statistical office INE said Tuesday.

Producer prices declined 2 percent on a yearly basis in September, slower than the 3.2 percent decrease seen in August. This was the slowest pace of decline since July 2015.

Excluding energy, producer prices dropped 0.4 percent after easing 0.6 percent in August.

Energy prices plunged 6.5 percent and cost of intermediate goods and consumer goods slid 1.1 percent and 0.1 percent, respectively. Meanwhile, prices of capital goods gained 0.3 percent.

Month-on-month, producer prices advanced 0.3 percent in September, offsetting a 0.3 percent fall in August. This was the first increase in three months.

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