Italy’s producer prices declined at a faster pace in November, data from the statistical office Istat showed Wednesday.
Continuing its downward trend, the producer price index slid 3.3 percent year-on-year in November after easing 3 percent in October.
The annual decrease was driven by a 4.2 percent drop on domestic market prices and a 0.6 percent fall on non-domestic market.
Month-on-month, producer prices fell 0.5 percent after decreasing 0.2 percent in October. The price index for domestic market slid 0.6 percent that for non-domestic market remained unchanged in November.
The material has been provided by InstaForex Company – www.instaforex.com