Producer prices climb by 39.9 pct in June, but record first back-to-back monthly drops since 2020

EconomyMacroeconomy Tags: ELSTAT, PPI
Photo by Angelos Christofilopoulos/Fosphotos
Photo by Angelos Christofilopoulos/Fosphotos

The pace of Greece’s Producer Price Index (PPI) annual growth slowed down further, still with another explosive rise in June of 39.9 percent year-on-year, after shooting up by 43 percent in May, ELSTAT data said on Friday.

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 16 consecutive months. This has taken the index from 102.63 points in February last ...

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