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Financial News: Greece PPI Inflation Accelerates For Third Month

Greece PPI Inflation Accelerates For Third Month

10/30/2017 - 07:53:00 (RTTNews)

(RTTNews) - Greece's producer price inflation accelerated for the third straight month in September, figures from the Hellenic Statistical Authority showed Monday.

The overall producer price index climbed 4.8 percent year-over-year in September, faster than the 4.1 percent rise in August. The measure has been rising since December last year.

The increase in September was largely driven by a 10.0 percent surge in prices of energy goods.

Producer prices on the domestic market grew 4.0 percent annually in September and those in the foreign market rose by 7.5 percent.

On a monthly basis, producer prices went up 1.3 percent from August, when it increased by 0.9 percent.

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