The industrial production price index recorded a year-on-year decrease of 3.1% in May, attributed to falling energy prices and olive oil production costs, reported the National Institute of Statistics (INE).
This indicator also showed a negative variation of 2.6% in April 2025.
Excluding the energy grouping, industrial production prices fell by 2.2% in May, with a monthly variation of -0.1%.
INE further highlighted that the reduction in consumer goods prices was “exclusively due to non-durable goods, reflecting, for the seventh consecutive month, the decrease in olive oil production prices.”
Investment goods were the only grouping to show a price increase in May, at 0.9%, compared to 0.7% in the previous month.
