Romania Producer Prices Fall Further in August

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Romania's industrial producer prices dropped by 3.33% year-on-year in August, following a 0.88% decline in the prior month, partly due to a strong decrease in the mining sector, the Bucharest-based National Institute of Statistics (INS) said on Tuesday.

The producer prices of mining & quarrying decreased 25.67% (vs -25.81% in July) and producer cost of electricity, gas, steam, & air-conditioning supply fell 8.95% (vs 5.59%). Additionally, producer prices of water supply, sewerage, waste management & remediation rose softer 19.15% (vs 20.09%).

Meantime, prices of manufacturing rebounded (0.59% vs -2.37%).

On a monthly basis, producer prices were down by 0.68%, reversing from a 0.56% gain in July.

On the domestic market, industrial producer prices decreased by 4.1% year-on-year in August, while on the external market prices decreased by an annual 1.4%, the statistics agency said.

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