Italy's total producer price index, or PPI, rose 3.4% in June after rising 3.7% in May, statistical office Istat said Friday. Economists had forecast 3.6% rise. Producer prices have been rising since February.
The domestic PPI was up 3.5% annually, while the external PPI climbed 3.1%. In May, domestic producer prices grew 3.9% and the external PPI rose 3.5%.
On a monthly basis, total producer prices grew 0.2%, slower than May's 0.6% rise. The PPI was forecast to rise 0.3%. Internal producer prices were up 0.2% and external prices increased 0.3%.
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