Producer prices drop by 7.1 pct in 2023, non-durables up by 6 pct in Dec

EconomyMacroeconomy Tags: ELSTAT, PPI
Image via www.moh.gr
Image via www.moh.gr

Greece’s Producer Price Index (PPI) contracted for the tenth successive month in December, dropping by 6.6 percent year-on-year (YoY), after falling sharply by 8.9 percent in November, ELSTAT data showed on Tuesday.

The index had been growing over a two-year period since March 2021, before it turned negative in March last year. In January 2021 the index was just under 100 points, and at 136.78 percent in December 2023.

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