Industrial producer price index for total industry up 1.1%

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Industrial producer price index for total industry up 1.1%Provisional data indicate that the industrial producer price index in May increased by 1.1 per cent when compared to the previous month, the National Statistics Office said today.

In May, the producer price index for total industry rose by 1.1 per cent over the previous month. This increase was due to a rise in prices of intermediate goods by 2.1 per cent, while no changes were recorded in the other main industrial groupings.

General price movements in the domestic market remained relatively stable so far this year. The non-domestic sector was characterised by an increase of 1.9 per cent, with the major contributor being the intermediate goods sector (+2.4 per cent). Furthermore, a 0.1 per cent increase was registered within the consumer goods sector.

Producer prices in respect of goods destined for the euro area went up by 2.2 per cent, while prices for goods destined for the non-euro area increased by 0.3 per cent.

On an annual basis, the producer price index declined from 96.2 to 95.9 points, or 0.4 per cent. During this period, producer prices for intermediate goods went down by 0.9 per cent, while capital goods declined by 0.2 per cent. Offsetting this was an increase of 0.8 per cent in the consumer goods sector. No price change was registered for energy.

Producer prices for the domestic market edged up by 0.7 per cent, resulting from an increase in prices for intermediate and consumer goods by 3.9 and 1.1 per cent respectively.

The period under review revealed that producer prices for goods destined for the non- domestic market decreased by 1.1 per cent on account of a drop in prices in the euro area of 1.2 per cent. Prices for goods earmarked for the non-euro area declined by 0.1 per cent-

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