Romania’s producer prices continued to decline in May, figures from the National Institute of Statistics showed Monday.
The producer price index slid 2.8 percent year-over-year in May, following a 2.9 percent decrease in the previous month. The measure has been falling since October 2014.
Among the main industrial groups, energy prices dipped the most by 10.5 percent in May, followed by intermediate goods industry with 3.4 percent fall.
Prices in the domestic market dropped 3.2 percent annually in May and foreign market prices went down by 1.8 percent.
On a monthly basis, producer prices rose 0.3 percent in May, after remaining flat in April.
The material has been provided by InstaForex Company – www.instaforex.com