THURSDAY, 6.00PM
THE Producer Price Index fell to an annual 8,4% in May, 0,4 of a percentage point lower than the figure for April, the Central Statistical Servise said on Thursday.
The PPI for locally produced commodities stood at 8,9%, 0,8 of a percentage point lower than the corresponding annualised rate in April. The PPI for imported commodities, on the other hand, increased by one percentage point to an annualised increase of 6,4% in May, largely as a result of an increase in the price of crude oil.
The PPI is an indicator of future trends in consumer inflation, which has been declining since peaking just below 10% earlier this year.