Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spanish Inflation for May slows as cost of oil falls

Source: Bloomberg - Fri 24th Jun 2011

Spanish producer-price inflation slowed in May as energy costs declined.

Prices of goods leaving Spain's factories, mines and refineries rose 6.7% from a year earlier after gaining an annual 7.3% in April, the National Statistics Institute in Madrid said today. From the previous month, prices dropped 0.3% after increasing 0.6% in April.

Crude-oil prices have dropped 20% from a peak on April 29. They are still 20% higher than a year ago, stoking inflation across Europe. The European Central Bank raised borrowing costs for the first time in almost 3 years in April and policy makers have indicated more increases may follow as the euro-area inflation rate holds above the bank's 2% limit.

Consumer-price inflation in Spain, at 3.4% in May, is higher than the euro-region average of 2.7%, even as the economy struggles to emerge from an almost 2 year recession.

Comment on this Story

 
Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs