Finance
Spain's industrial prices fell in March amid cheaper energy, vegoil
Published by Global Banking & Finance Review®
Posted on April 24, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 24, 2025
1 min readLast updated: January 24, 2026
Spanish industrial prices decreased in March due to lower energy and vegetable oil costs, with electricity prices dropping significantly, impacting inflation rates.
(Reuters) -Spanish industrial prices fell in March on a monthly basis thanks to cheaper energy as well as lower vegetable oil prices, the National Statistics Institute (INE) said on Thursday.
Prices at the Spanish factory gates, or the prices as they leave the factory before additional costs are added such as transportation, fell 3.9% in March from February, INE said. That brought down the 12-month rate to 4.9%, down from a revised 6.7% in February, INE said.
The statistics agency attributed most of the decrease to electricity costs, which dropped 19.2% in March, while oil refining and gas production costs fell 6.5% and 3.8%, respectively. Costs of vegetable oils, mainly pressed from olives, fell 3.7%.
Industrial price changes tend to anticipate consumer prices as companies transfer some higher costs to customers, ultimately fuelling inflation.
Spain's European Union-harmonised 12-month inflation rate came at 2.2% in March from 2.9% in the period through February.
(Reporting by Javi West Larrañaga, editing by Inti Landauro and Bernadette Baum)
The article discusses the decline in Spanish industrial prices in March due to cheaper energy and vegetable oil, impacting inflation.
Electricity costs in Spain dropped by 19.2% in March, contributing to the overall decrease in industrial prices.
Spain's European Union-harmonised 12-month inflation rate was 2.2% in March.
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