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Input prices falling, but output prices record increase

SPAIN DATA

The key part of the Spanish PMI print was regarding inflation. From the press release:

  • "Price pressures remained strong. Costs related to many raw materials, energy and freight services continued to rise. Although extremely high, input price inflation dropped to a five-month low. Nonetheless, output charges increased for a fourteenth successive survey period as firms sought to protect their margins. Moreover, the rate of increase was the sharpest recorded in the survey to date."
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