Romania’s producer prices declined further in August, figures from the National Institute of Statistics showed Friday.
The producer price index fell at a faster pace of 2.7 percent year-over-year in August, following a 2.3 percent drop in the prior month. Producer prices have been falling since since October 2014.
Prices in the domestic market decreased 2.4 percent annually in August and foreign market prices slipped by 3.3 percent.
Among the main industrial groupings, prices in the energy sector plunged 9.2 percent in August and that for capital goods industry went down by 1.3 percent.
On a monthly basis, producer prices dropped 0.7 percent in August after a 0.5 percent fall in the preceding month. Both domestic and export market prices slid by 0.6 percent and 0.9 percent, respectively.
The material has been provided by InstaForex Company – www.instaforex.com