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Industrial producer price index increases by 15.5%

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Industrial producer price indexProvisional estimates show that when comparing October 2008 to the corresponding month in 2007, the industrial producer price index of the sampled enterprises increased by 15.5 per cent primarily due to higher energy prices.

Monthly changes

In October 2008, compared with the previous month, producer prices in total industry increased by 4.7 per cent. Prices in the domestic market were unchanged only in the Capital Goods sectors, the largest increase of 12.25 per cent being registered in the Energy Sector. Consumer Durables and Consumer Non-Durables sectors increased marginally by 0.57 per cent and 0.13 per cent respectively while the Intermediate Goods sector decreased by 0.13 per cent.

For both non-eurozone as well as eurozone export markets only Producer prices for Consumer durables remained unchanged. Intermediate goods decreased by 1.89 per cent and 0.60 per cent, while Consumer Non-Durables decreased by 0.06 and 0.76 in the eurozone and non-eurozone export markets respectively. Capital Goods registered increases of 0.14 in the eurozone export market and 0.63 in the non-eurozone export market.

Annual changes

When comparing October 2008 to the corresponding month in 2007, producer prices registered increases in the Domestic market for all Main Industrial Groupings (MIGs). On the other hand, in the Eurozone export market, decreases were registered in all Main Industrial Groupings except for Consumer Non-Durables whilst in the non-eurozone export market, decreases were registered in all the sectors except for the Consumer Durables sector, which remained stable.

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