RTTNews - Italian producer price index or PPI dropped for an eighth month in July as the price index for energy sector dropped severely, data released by the Istat showed Friday.
The PPI fell 7.5% year-on-year in July after falling 6.3% in June. On a monthly basis, the PPI dropped 0.4%, the first fall in three months.
Domestic PPI fell 0.6% month-on-month following an increase of 0.6% in June. Compared to the previous year, the domestic PPI fell for an eighth month in July, by 8.5%. Economists had forecast a monthly fall of 0.3% and an annual decline of 8.1% for July.
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