Electricity, transport and distribution led the increase while prices of gas and refined oil products fell, INE said. INE revised the year-on-year January price increase down to 7.8% from an initial 8.2%, taking the rate to its lowest since March 2021 when it was 6.4%. Following turmoil on energy markets in 2021 and 2022, industrial prices in Spain peaked at 47% in March last year. Companies tend to pass on industrial price rises to customers, ultimately fuelling inflation. Annual inflation in the period through February was 6.0%, down from a peak of 10.8% last summer, INE said last week, though core inflation, which strips out volatile fresh food and energy prices, was at 7.6%. (Reporting by Jakub Olesiuk and Natalia Siniawski, editing by Inti Landauro and Christina Fincher)
(Breaks down data, adds context)
March 24 (Reuters) - Spanish industrial prices rose 7.8%
in February from the same month a year earlier, the same pace as
a revised 7.8% in January and the slowest in almost two years,
the National Statistics Institute (INE) said on Friday.
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