Producer prices contract 1.7 pct YoY in Aug due to energy drop

EconomyMacroeconomy Tags: ELSTAT, PPI
Image: https://www.flickr.com/photos/worldbank/
Image: https://www.flickr.com/photos/worldbank/

Greece’s Producer Price Index (PPI) went further into contraction in August, with a drop of 1.7 percent year-on-year (YoY), after a decrease of 0.5 percent in July, ELSTAT data showed on Tuesday.

This was the second contraction of the year, following six consecutive positive readings. The index had an extensive period of contraction that started in March 2023, until the end of 2024.

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