Slovakia’s producer prices continued to decline in February, and at an accelerated pace, figures from the Statistical Office of the Slovak Republic showed Thursday.
The producer price index fell 4.3 percent year-over-year in February, which was worse than the 3.2 percent decrease in the previous month. The measure has been falling since March 2013.
Domestic market producer prices dipped 4.7 percent in February from a year ago and export market prices went down by 4.0 percent.
Prices in the manufacturing sector slid 3.2 percent, while mining and quarrying prices edged up by 0.1 percent.
On a monthly basis, producer prices dropped 1.9 percent in February, following a 0.9 percent fall in January. It was the seventh consecutive monthly decrease.
The material has been provided by InstaForex Company – www.instaforex.com