FX.co ★ Italy Producer Prices Decline Sharply

The annual decline in Italy's producer prices deepened in November, data from the statistical office ISTAT showed on Thursday.

Producer prices posted an annual decrease of 12.6 percent after a 9.5 percent drop in October. Producer prices have been falling since April.

Prices in the domestic market were down 1.2 percent and that in foreign market decreased 0.2 percent.

On a monthly basis, producer prices dropped 0.9 percent after a 1.5 percent rise in the previous month. This was the first decrease in four months.

During three months to November, industrial producer prices grew 1.6 percent from the previous three months.