Import price index (MPI) in industry dropped for a seventh consecutive month in August, at -14.6% y-o-y, data from statistics service ELSTAT showed. On a monthly basis, import price index rose 1.4% in August. In July, MPI stood at  -14.4%. 

The decline in MPI is mainly due to annual changes in the sub-indices of electricity, gas, steam and air conditioning supply -60.4%,  extraction of crude petroleum and natural gas -27.4%,  manufacture of coke and refined petroleum products -18.0%.