Romania’s producer prices declined at a slower pace in February, figures from the National Institute of Statistics showed Thursday.

The producer price index fell 1.7 percent year-over-year in February, slower than January’s 2.1 percent decrease.

Domestic market producer prices slipped 0.6 percent annually in February, following a 1.0 percent drop in the previous month.

Producer prices in the foreign market declined at a slower pace of 4.1 percent in February, after a 4.3 percent fall in January.

Among sub-sectors, prices in the manufacturing sector dipped 3.0 percent and mining and quarrying prices plunged by 7.4 percent.

Month-on-month, producer prices rose 0.2 percent in February, in contrast to a 0.3 percent decrease in the preceding month. Both domestic and export market prices climbed 0.2 percent and 0.1 percent, respectively.

The material has been provided by InstaForex Company –