PPI up 7.3pct in May

Greece’s Producer Prixe Index in Industry (PPI) rose 7.3 percent in May over the same month in 2010, according to figures released by the independent Hellenic Statistical Authority (ELSTAT).
ELSTAT, in a report, said that the Producer Price Index in Industry (PPI) in May 2011 compared with May 2010 recorded a rise of 7.3%. The index in May 2010 had recorded an increase of 7.9% compared with May 2009.
The PPI in May 2011 compared with April 2011 recorded a fall of 1.3%. The index in May 2010 had recorded a decrease of 0.5% compared with April 2010.
The twelve-month average index, from June 2010 to May 2011, compared with the same index of the period from June 2009 to May 2010, increased by 6.8%. The previous year the twelve-month average index remained unchanged.