Producer prices in Spain fell by 1.5% year-on-year in August 2025, following an upwardly revised 0.4% increase in the prior month. This marked the first decline in producer prices in three months, largely due to energy (-4.5% vs 1.9% in July), reflecting lower electricity costs and smaller increases in gas production and pipeline distribution compared with August last year. Additional downward pressure came from consumer goods (-0.9% vs -1.4%), of which non-durable goods (-1.1% vs -1.5%), and intermediate goods (-0.5% vs -0.8%). On the other hand, prices increased for capital goods (1.7% vs 1.9%). Excluding energy, producer prices edged down by 0.3%, after a 0.5% fall in the previous month. On a monthly basis, the PPI decreased by 0.4% in August, following an upwardly revised 0.9% rise in July.