Industry prices in Spain fell a total of four tenths in July compared to the same month last year, which means 8.4%, five consecutive months of declines. The main cause is the cheapening of energy. The National Institute of Statistics (INE) has published this Friday the industrial price index (IPRI) for July, which shows an increasingly intense reduction in industry prices after the decreases in March (1.4%), April (4, 5%), May (6.8%) and June (8%).
Energy is the industrial sector that pushed prices down the most in July, as it fell by 26.2%, due to a lower rise in gas production prices and lower prices in the production, transportation and distribution of electricity, which increased in the same month of the previous year.
