Spanish industrial prices in April saw their biggest increase in 36 years, energy increasing by 33%

MADRID, May 25 (Reuters). Industrial prices in Spain rose 12.8% year on year in April. It was the largest increase since June 1984, boosted by a 33% rise in energy prices, the Spanish National Statistics Institute (INE) reported Tuesday.

The monthly variation in the industrial price index increased by 2.9% for the fourth year in a row, mainly due to a 14% increase in the price of energy.

The rise in industrial prices in April can be attributed to the fact that after twelve months Spanish inflation was already 2.2%, the highest level since the end of 2018. The fluctuations in industrial prices generally affect consumer prices with some delay. (Report by Michael Susin; Editing by Inti Landauro; Editing by Alison Williams)

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