PPI for industrial sector down by 10.9% in March 2023

The producer’s price index in Greece’s industrial sector, a composite index measuring both the domestic and external market, dropped by 10.9 percent in March, compared with the same month in 2022, and after rising by 46.2 percent over the same months in 2022/2021, Hellenic Statistical Authority announced on Friday.

Specifically, the development was attributed to a decline in energy prices, although costs in the foodstuffs industry continued to rise.

The external market index fell 11.1 percent and the domestic market was down by 10.8 percent.

The producer’s price index fell 5.8 percent in March 2023, compared to the previous month, February 2023, after a 10.6-percent hike posted over the same months in 2022.