Tuesday, March 29, 2011

Greek PPI up 8.5% in February

Greece's Producer's Price Index in the industrial sector (measuring both the domestic and external markets) grew 8.5 percent in February this year, compared with the same month in 2010, after recording a 6.7 percent increase in February 2010, Hellenic Statistical Authority said on Tuesday. 
 
The statistics service, in a report, attributed this development -which means higher inflationary pressures in the coming months if higher production costs were rolled over to consumption- to an 8.0 percent increase in the domestic market index and a 10.5 percent rise in the external market index. 
 
The producer's price index was up 1.4 percent in February from January 2011. 





source: ANA-MPA