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Malta PPI Falls At Faster Pace In December

Malta's producer prices declined at a faster pace in December, figures from the National Statistics Office showed Wednesday.

The producer price index fell 3.38 percent year-over-year in December, which was worse than the 2.62 percent drop in the previous month. Producer prices have been falling since January 2015.

Both domestic and foreign market prices dipped by 2.90 percent and 3.68 percent, respectively in December from a year ago.

The decrease in December was largely caused by a 14.02 percent slump in energy prices. Prices for intermediate goods slid 4.69 percent, while prices in the capital goods sector registered an increase of 2.1 percent.

On a monthly basis, producer prices rose 0.66 percent in December, following a 0.62 percent increase in November.

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