Monday, the General Secretariat of the National Statistical Service of Greece said in a report that the producer price index declined 5.8% year-over-year in February, in contrast to a 11% Increase in the previous year.

On a monthly basis, producer prices dropped 0.6% in February. A year ago, the PPI was up 1.3%.

During the March 2008 to February 2009, the annual average rate of PPI rose 6.5% compared to the 5.5% rise seen in the same period of the previous year.

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