Greece's Producer Price Index in Industry rose by 7.8 percent in August over the corresponding year in 2010, the independent Hellenic Statistical Authority (ELSTAT) said on Monday.

ELSTAT, in a report, said that the Producer Price Index in Industry (PPI) in August 2011 compared with August 2010 recorded a rise of 7.8%. The index in August 2010 had recorded an increase of 4.6% compared with August 2009.

The PPI in August 2011 compared with July 2011 recorded a fall of 0.9%. The index in August 2010 had recorded an increase of 0.3% compared with July 2010.

The twelve-month average index, from September 2010 to August 2011, compared with the same index of the period from September 2009 to August 2010, increased by 7.3%. The previous year the twelve-month average index had increased by 4.1%

1. Monthly rates of change of August 2011 compared with July 2011.

Prices in total industry in August 2011 decreased by 0.9% compared with the previous month, July 2011, due to the monthly changes of the sub-indices of the markets:

a. The PPI for the Domestic Market fell by 0.9%.

b. The PPI for the Non-Domestic Market fell by 1.1% .

2. Annual rates of change of August 2011 compared with August 2010.

Prices in total industry in August 2011 increased by 7.8% compared with the same month of the previous year, August 2010, due to the annual changes of the sub-indices of the markets:

a. The PPI for the Domestic Market grew by 7.5%.

b. The PPI for the Non-Domestic Market grew by 8.6%.