Industrial producer price index remained unchanged in October

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Industrial producer price index remained unchanged in OctoberProvisional data indicate that the industrial producer price index in October 2015 remained unchanged when compared to the previous month, the National Statistics Office said today.

During October, the producer price index for total industry remained static at 94.30 points. Prices for capital goods and intermediate goods increased by 0.04 per cent and by 0.03 per cent respectively. These increases were offset by a decline of 0.06 per cent in the prices of consumer goods. Energy prices remained constant.

Prices within the domestic market decreased by 0.02 per cent. This was due to a drop in prices within consumer goods of 0.04 per cent and of 0.02 in intermediate goods. Capital goods remained the same.

Prices for the total non-domestic market resulted in no change at the aggregate level. Increases of 0.05 per cent and 0.04 per cent were reported in the capital and intermediate goods sectors respectively. These were offset by a drop of 0.07 per cent within the consumer goods sector.

On an annual basis, the industrial producer price index went down by 2.76 per cent when compared to 2014. The downturn resulted from price decreases in energy (14.02 per cent) and intermediate goods (3.45 per cent). On the other hand, prices within capital and consumer goods rose by 2.13 and 1.12 per cent respectively.

Producer prices for the domestic market decreased by 3.32 per cent, mainly on account of a drop in prices for energy (14.02 per cent). Price increases were recorded in capital goods (4.6 per cent), intermediate goods (1.69 per cent) and consumer goods (0.64 per cent) .

Non-domestic prices declined by 2.32 per cent, resulting from decreases of 2.56 per cent and 1.90 per cent within the non-euro and the euro area respectively.

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