Malta’s producer prices dropped for the sixth straight month in June, figures from the National Statistics Office showed Tuesday.
The industrial producer price index fell 2.76 percent year-over-year in June, slower than previous month’s 2.96 percent decrease. In June 2014, the index declined 2.01 percent.
Prices in the energy sector dropped 14.02 percent in June, the same rate of decline in the previous two months. Intermediate goods prices went down by 3.48 percent, slower than May’s 3.98 percent fall.
However, price growth in consumer goods slowed to 1.68 percent from 1.70 percent and that in capital goods eased to 1.07 percent from 1.22 percent.
Domestic market producer prices slid 4.17 percent annually in June and foreign market prices dipped by 1.69 percent.
Month-on-month, producer prices slid 0.10 percent in June, in contrast to the 0.47 percent rise in May. Both domestic and foreign market prices declined by 0.02 percent and 0.13 percent, respectively.
The material has been provided by InstaForex Company – www.instaforex.com