Spanish industrial prices rose 8.3% in the 12 months through April following a revised 3.1% increase in the 12 months through March, the National Statistics Institute (INE) said on Tuesday.
April’s increase was the largest since December 2022, when it hit 14.9%, INE data showed. The rise was mainly driven by higher oil refining and basic chemicals prices.
INE revised down the March figure from an initial 3.4% increase.
Companies tend to pass on industrial price rises to customers, ultimately fuelling inflation.
Industrial prices rose 1.7% in April from March, INE said.
(Reporting by Mireia Merino)
