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Producer price index down 1.4% in May | TheGreekDeal.com
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Producer price index down 1.4% in May
When compared to the corresponding index for May 2023, the General Producer Price Index for Industry showed a 1.4% decline in May 2024.
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The General Producer Price Index for Industry recorded a decrease of 1.4% in May 2024, compared to the corresponding index for May 2023.

According to ELSTAT data, the General Index in May 2024, compared to the index in April 2024, showed a decrease of 2.9%.

It is noted that this decrease in producer prices in industry is essentially a sign of a deceleration in inflation as well, as it is expected to be passed on to the General Price Index.

The average general index for the twelve months June 2023–May 2024, compared to the average general index for the twelve months June 2022–May 2023, showed a decrease of 6.5% compared to an increase of 14.3% in the same comparison of the previous twelve months.

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