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Producer prices down by 7%

02/02/2016 14:05
Industrial producer prices in Cyprus recorded the third largest decline among EU countries, in December 2015.

According to new data, released today by Eurostat, industrial producer prices fell by 7% in December 2015 compared with December 2014. In November 2015, the decline stood at 6.7%

A reduction of industrial producer prices was recorded in all EU member states. The largest drop was observed in Lithuania (-8.1%) and the Netherlands (-7.7%).

In Greece, prices fell by 5.7% in December 2015 against a drop of 6.6% in November.

In the EU-28 industrial producer prices fell by 3.2% in December 2015, while in the eurozone the decline stood at 3%.