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Financial News: Italy Producer Prices Increase For Second Month

Italy Producer Prices Increase For Second Month

04/29/2021 - 07:29:00 (RTTNews)

(RTTNews) - Italy's producer prices rose for the second straight month in March, data from the statistical office Istat showed on Thursday.

The producer price index increased 2.7 percent year-on-year in March, following a 0.7 percent rise in February.

On a monthly basis, producer prices rose 0.9 percent in March, following a 0.5 percent increase in the preceding month.

In the domestic market, producer prices grew 1.0 percent month-on-month in March.

Producer prices in the foreign market increased 0.6 percent monthly in March.

In the first quarter, producer prices rose 2.3 percent quarterly.

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