The Italian statistical office Istat released its producer price inflation data for Italy on Wednesday. Italian producer prices decreased 0.7% in August, after a 0.5% decline in July.

Producer price declined by 0.7% on domestic market and by 0.4% on non-domestic market in August.

On a yearly basis, Italian PPI fell 2.9% in August, after a 2.3% drop in July.

Producer price slid 3.6% on domestic market and by 0.8% on non-domestic market in August.