forex newsMalta PPI Inflation Accelerates In June

Malta PPI Inflation Accelerates In June

Malta’s producer price inflation accelerated in June after easing in the previous month, data from the National Statistics Office reported Thursday.

Industrial producer prices climbed 6.29 percent year-over-year in June, faster than the 5.85 percent rise in May.

The acceleration in inflation was mainly driven by a 17.17 percent surge in prices of intermediate goods.

On a monthly basis, producer prices increased 0.44 percent from May, when it gained by 0.28 percent.

The material has been provided by InstaForex Company – www.instaforex.com

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