Romania’s producer prices continued to decline at the end of the year, though at a slower pace than in the previous month, figures from the National Institute of Statistics showed Tuesday.
The producer price index fell 1.7 percent year-over-year in December, following a 2.6 percent stable rate of decrease in November. The measure has been falling since October 2014.
Domestic market producer prices also slipped 1.7 percent annually in December and prices in the foreign market dropped by 1.9 percent.
Among the main industrial groups, energy prices dipped the most by 5.4 percent, followed by capital goods industry with 3.1 fall. At the same time, prices in the consumable goods industry grew by 2.0 percent.
On a monthly basis, producer prices slid 0.3 percent in December, after 0.1 percent slight drop in the preceding month.
The material has been provided by InstaForex Company – www.instaforex.com