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Financial News: Denmark Producer Prices Decline At Softer Pace

Denmark Producer Prices Decline At Softer Pace

07/15/2020 - 07:17:00 (RTTNews)

(RTTNews) - Denmark's producer prices declined in June largely driven by falling prices of mining and quarrying, figures from Statistics Denmark showed on Wednesday.

The producer price index fell 1.6 percent year-on-year in June, slower than the 5.6 percent decline in May.

The latest decline in the producer prices was largely due to a 25.5 percent decrease in mining and quarrying prices and a 17.7 percent fall in energy supply cost, the agency said.

Domestic market prices declined 3.8 percent annually in May, while foreign market prices rose 0.2 percent.

On a monthly basis, producer prices rose 3.4 percent in May.

Import prices decreased 2.8 percent yearly in May but rose 0.4 percent from a month ago.

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