Italy's producer price inflation slowed less than economists expected in June, data released by statistical office Istat showed Tuesday.
The producer price index for the domestic market grew 2.2 percent year-on-year in June, weaker than the 2.3 percent increase recorded in May. Economists expected a slower growth of 2 percent.
Compared to May, domestic output prices edged down 0.1 percent in June, following the previous month's 0.3 percent decrease. Economists were looking for a 0.2 percent fall.
Producer prices in the export market grew 1.2 percent annually in June, with prices in the euro area and non-euro area rising 0.5 percent and 1.5 percent respectively.
Overall prices, including both the local market and the overseas market, grew 2.1 percent compared to June 2011, data showed.
by RTT Staff Writer
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