Industrial inflation moderates its fall in April to 6.6% and has been negative for 14 months

MADRID, 24 May. (EUROPA PRESS) –

Industrial prices fell 6.6% last April compared to the same month in 2023, compared to the 8.2% decline they experienced in March, as reported this Friday by the National Institute of Statistics (INE).

With the year-on-year decrease in April, inflation in the industrial sector is now experiencing 14 months of negative rates after in March 2023 it put an end to a period of 26 consecutive months of increases, in which it recorded double-digit positive rates for more of 20 months.

The moderation of industrial inflation in April was a consequence of the evolution of the prices of energy and intermediate goods, which raised their interannual rates to -20.5% and -4.2%, respectively. On the other hand, non-durable consumer goods cut their interannual rate by six tenths, to 3.5%, their lowest rate since April 2021.