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Spain June producer prices rise 7% as energy-driven inflation eases

Factory-gate inflation slowed from 10.5% in May as energy cost growth cooled sharply, while underlying producer prices excluding energy accelerated modestly.

Summary

Spain’s producer prices rose 7% year on year in June 2026, slowing from a 10.5% increase in May as energy cost inflation eased sharply. Energy prices rose 14.3%, down from 28.5% a month earlier, reflecting lower prices in electricity production, transmission and distribution as well as a decline in oil refining prices. Consumer goods inflation also slowed to 1% from 1.3%. At the same time, price growth accelerated for intermediate goods to 6.6% from 6.1% and for capital goods to 2.5% from 2.3%, while producer inflation excluding energy picked up to 3.6% from 3.4%. On a monthly basis, producer prices were unchanged after a 1% increase in May.

Terms & Concepts
  • producer prices: Prices received by producers for goods sold, often used to gauge inflation pressures before they reach consumers.
  • intermediate goods: Products used as inputs in the production of other goods, such as materials and components.
  • capital goods: Long-lasting goods such as machinery and equipment used to produce other goods and services.