Tag #Industrial Inflation

What were the key factors driving the change in Spanish industrial prices in November 2023, and what are the immediate consequences of this shift?

In November 2023, Spanish industrial prices increased by 0.9% year-on-year, ending a 20-month period of negative rates. This rise was mainly driven by energy prices, which surged 15.3 percentage points to 2.4%, the highest since February 2023. Conversely, the non-durable consumer goods sector experienced a negative 0.5% rate.