Industrial producer price index increased by 0.51% in Novmeber

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Industrial producer price index increased by 0.51% in NovmeberProvisional data indicate that the industrial producer price index in November increased by 0.51 per cent, when compared to the previous month, the National Statistics Office has reported today.

In November, the producer price index for total industry rose by 0.51 per cent to 97.70 points. Prices increased by 1.10 per cent for intermediate goods and by 0.09 per cent for consumer goods. No changes were reported for energy and capital goods.

Prices within the domestic market decreased by 0.06 per cent, on account of a decrease in intermediate goods by 0.46 per cent, partly mitigated by a 0.22 per cent rise in consumer goods.

Prices for the non-domestic market increased by 0.92 per cent in view of an increase in intermediate goods by 1.61 per cent. No changes were reported in the other main industrial groupings.

Producer prices in respect of goods destined for the euro area rose by 0.63 per cent, due to an increase of 1.39 per cent in intermediate goods, while the other sectors remained stable. Furthermore, prices in the non-euro area increased by 1.08 per cent on account of a 1.70 per cent rise in intermediate goods.

On an annual basis, the producer price index decreased by 3.52 per cent. The downturn resulted from price declines in intermediate goods (-6.51 per cent) and consumer goods (-1.82 per cent). However, capital goods increased marginally by 0.06 per cent. No price change was registered in the energy sector.

Producer prices for the domestic market decreased by 0.35 per cent, on account of drops in prices for intermediate and capital goods by 2.16 and 0.89 per cent respectively. Mitigating this decrease was a rise in prices for consumer goods of 0.99 per cent.

During the period under review, non-domestic prices dropped by 5.70 per cent, as both the euro and non-euro area registered a decline in prices of 1.32 and 8.08 per cent respectively.

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