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Italy Feb. Output Price Inflation Misses Forecast

Italy's producer prices increased less than economists expected in February, data released by statistical office Istat showed Friday.

The output price index increased 3.1 percent on an annual basis in February, slower than the 3.3 percent growth economists forecast.

Output prices in the domestic market grew 3.2 percent annually, while prices of goods meant for the overseas market advanced 2.4 percent during the month.

On a monthly basis, output prices moved up 0.3 percent in February, while economists were looking for a 0.6 percent monthly growth.

In the first two months of 2012, Italy's output prices rose 3.2 percent from the corresponding period last year. In the December-February period, output prices moved up 0.8 percent from the preceding three-month period.

by RTT Staff Writer

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