Italy's Producer Prices Fall At Faster Pace In November

Italy’s producer prices declined at a faster pace in November, data from the statistical office Istat showed Wednesday.

Continuing its downward trend, the producer price index slid 3.3 percent year-on-year in November after easing 3 percent in October.

The annual decrease was driven by a 4.2 percent drop on domestic market prices and a 0.6 percent fall on non-domestic market.

Month-on-month, producer prices fell 0.5 percent after decreasing 0.2 percent in October. The price index for domestic market slid 0.6 percent that for non-domestic market remained unchanged in November.

The material has been provided by InstaForex Company – www.instaforex.com

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