Producer prices soar by 43 pct YoY in May, but see first monthly drop since Aug 2021

EconomyMacroeconomy Tags: ELSTAT, PPI

The pace of Greece’s Producer Price Index (PPI) annual growth slowed down, although only marginally, with one more explosive rise in May, shooting up by 43 percent year-on-year (YoY), having jumped by 48.8 percent in April, ELSTAT data said on Thursday.

The index was in negative territory for most of 2020, and up until March 2021, when it grew annually by 9.1 percent. It has been growing ever since, gathering pace over 15 consecutive months. This has taken the index from 102.63 points in February last ...

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