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Industrial producer prices drop 4 pct y-o-y in February

Author: half
ZAGREB, March 11 (Hina) - In February 2015, industrial producer prices fell four percent on the year, continuing a negative trend that began in May 2013, the national statistical office said on Tuesday.

The prices of industrial products sold abroad fell 3.9% on the year, while those sold on the domestic market fell 4%.

The main cause for the decrease was a year-on-year fall in energy prices of 9.2%. Excluding that, producer prices in February 2015 fell 0.5% on the year, Raiffeisenbank Austria analysts said.

Month on month, producer prices in February rose 1.5% after four months of decline. Industrial producer prices on the domestic market increased 1.3% from January and those on the foreign market by 1.8%. The rise was due to a 3.8% month-on-month increase in energy prices.

(Hina) ha

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