Romania’s producer prices declined at the fastest pace in nearly four years in May, data from the National Institute of Statistics (INS) shows.
The producer price index (PPI) declined 2.01% year-on-year in May, following a 1.67% drop in April. The latest decline was the biggest since August 2016, when it was down 2.05%.
Prices in the domestic market and non-domestic market decreased 1.67% and 2.58%, respectively in May.
Among the main industrial groups, prices for energy declined by 16.53% annually in May and prices for intermediate goods fell by 0.32%. Meanwhile, prices for capital goods grew 5.26%.
Prices for non-durable consumer goods and durable goods rose by 3.74% and 1.97%, respectively.
On a monthly basis, producer prices declined 0.28% in May, INS said on July 2.