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Industrial producer price index went down slightly in February

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Industrial producer price index went down slightly in FebruaryProvisional data indicate that the industrial producer price index in February 2016 decreased by 0.91 per cent when compared to the corresponding month in previous year, the National Statistics Office said today.

On an annual basis, the industrial producer price index went down by 0.91 per cent when compared to 2015. The downturn resulted from price decreases in energy (14.02 per cent). On the other hand, prices within intermediate, capital and consumer goods rose by 1.27, 0.91 and 0.83 per cent respectively.

Producer prices for the domestic market decreased by 3.24 per cent, mainly on account of a drop in prices for energy (14.02 per cent). Price increases were recorded in intermediate goods (1.87 per cent), capital goods (1.53 per cent), and consumer goods (1.45 per cent).

Non-domestic prices rose by 0.78 per cent, resulting from an increase of 1.37 per cent within the non-euro area and mitigated by a 0.22 per cent decrease within the euro area.

During February, the producer price index for total industry declined by 0.68 per cent. Prices for intermediate goods decreased by 1.59 per cent. On the other hand, there was an increase of 0.09 per cent in the consumer goods sector. Energy and capital goods prices remained constant.

Domestic market prices decreased by 0.03 per cent. This was due to a drop in prices within intermediate goods by 0.17 per cent. This was mitigated by an increase of 0.06 per cent in the consumer goods sector.

Prices for the non-domestic market decreased by 1.13 per cent. This was due to drops of 1.32 per cent in the non-euro area and 0.81 per cent within the euro area.

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