Industrial producer price index down by 1.62% in March

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Industrial producer price index down by 1.62% in MarchProvisional data indicate that the industrial producer price index in March 2016 decreased by 1.62 per cent when compared to the corresponding month in previous year, the National Statistics Office said today.

The downturn resulted from price decreases in energy (14.02 per cent). On the other hand, prices within capital, consumer and intermediate goods rose by 0.73, 0.35 and 0.01 per cent respectively.

Producer prices for the domestic market decreased by 3.33 per cent, mainly on account of a drop in prices for energy (14.02 per cent). Price increases were recorded in intermediate goods (1.59 per cent), consumer goods (1.51 per cent) and capital goods (1.10 per cent).

Non-domestic prices decreased by 0.39 per cent. This was due to drops registered both within the euro area (0.58 per cent) and the non-euro area (0.28 per cent).

During March, the producer price index for total industry declined by 0.34 per cent. Prices for intermediate goods decreased by 0.64 per cent and by 0.18 per cent within consumer goods. Energy and capital goods prices remained constant.

Domestic market prices increased by 0.04 per cent. This was due to a rise in prices within consumer goods by 0.12 per cent.

Prices for the non-domestic market decreased by 0.61 per cent. This was due to drops registered both within the euro area (0.09 per cent) and the non-euro area (0.91 per cent).

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