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Spain industrial prices surge 18.3% in September driven by energy costs
Spain's industrial producer price index (IPRI) rose by 18.3% year-on-year in September, marking the highest increase in nearly four years. This surge was primarily driven by a 49.8% spike in energy costs, fueled by higher expenses in electricity production, transport, and distribution, as well as petroleum refining.
Other contributing factors included a 7.5% increase in intermediate goods, driven by higher costs in animal feed manufacturing, metalworking, and paper production. While the national industrial inflation rate reached its highest level since November 2022, the energy component remains the dominant driver; excluding energy, industrial prices rose by only 3.6%.
Regional data shows varying impacts, with industrial inflation in Castilla-La Mancha reaching 17.2% due to a 53.6% rise in energy costs. In the Comunitat Valenciana, industrial prices increased by 13.8%. These rising production costs are placing significant pressure on businesses, with 70% of Spanish self-employed workers reporting they have been forced to raise their own prices to cope with inflation.
Entities
Association of Self-Employed Workers (ATA) · Australia · Castilla-La Mancha · Comunitat Valenciana · Emmanuel Macron · FACUA-Consumidores en Acción · France · Instituto Nacional de Estadística · Ipsos · OCU · Spain
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] In France, 90% of surveyed citizens rated the state of their economy as 'bad'. noticiaslatam.lat
- [○ 1 SOURCE] One quarter of analyzed products in Spain have seen price increases exceeding 50%. www.larazon.es
- [○ 1 SOURCE] Colombia and Peru were the only Latin American countries showing increased economic optimism. noticiaslatam.lat
- [○ 1 SOURCE] The average price of a 244-item shopping basket in Spain has increased by 40%. www.larazon.es
- [● 2 SOURCES] Spain's inflation rate was 4.9% in September. www.larazon.es · www.navarrainformacion.es
- [○ 1 SOURCE] Garlic prices increased by 8.4% in recent weeks. www.elcorreo.com
- [○ 1 SOURCE] Seedless white grapes saw an average price increase of 8.7% in the last month. www.elcorreo.com
- [○ 1 SOURCE] Australia saw a 16 percentage point increase in citizens doubting a return to low inflation. noticiaslatam.lat
- [● 2 SOURCES] Industrial inflation in Castilla-La Mancha grew by 17.2% in September. www.clm24.es · www.lacerca.com
- [● 6 SOURCES] Spain's industrial producer price index (IPRI) rose 18.3% year-on-year in September. diariodealicante.net · actualidadvalencia.com · www.clm24.es · cronicadecantabria.com · theofficer.es · +1 more
- [● 6 SOURCES] Intermediate goods prices increased by 7.5% year-on-year in Spain in September. diariodealicante.net · actualidadvalencia.com · www.clm24.es · cronicadecantabria.com · theofficer.es · +1 more
- [● 4 SOURCES] Excluding energy, Spanish industrial prices increased by 3.6% year-on-year in September. diariodealicante.net · actualidadvalencia.com · cronicadecantabria.com · theofficer.es