Provisional data indicate that the industrial producer price index increased by 2.4 per cent in September when compared with the previous month.

In September, the producer price index for total industry went up by 2.4 per cent, primarily as a result of an increase in producer prices of 4.5 per cent in the intermediate goods sector. During this month, energy prices remained stable, while prices for capital and consumer goods decreased by 0.1 and 0.3 per cent respectively.

On average, producer prices in the domestic market remained relatively stable. The prices in the intermediate goods sector edged up by 0.2 per cent. The other change was a 0.1 per cent increase in the consumer goods sector.

In the month under review, prices for the non-domestic market rose by 3.9 per cent on account of a 4.8 increase in the intermediate goods sector. Mitigating this increase was a decline in prices for capital and consumer goods, by 0.1 and 0.8 per cent respectively.

Producer prices in respect of goods destined for the euro area advanced by 4.5 per cent, the main contributor being intermediate goods (+5.3 per cent), whereas a slight decline of 0.1 per cent was recorded in prices for capital goods. Furthermore, prices for consumer goods edged up by 0.1 per cent.

On the other hand, prices in respect of goods destined for the non-euro area declined by 1.1 per cent, with the largest price decrease observed for consumer goods (-4.4 per cent). Furthermore, capital goods declined by 0.1 per cent. No price change was recorded with respect to intermediate goods.

Year-on-year, producer prices for total industry increased by 4.0 per cent. Energy prices rose by 22.4 per cent, while capital and consumer goods went up by 0.8 and 0.7 per cent respectively. Offsetting this increase was a drop in prices for intermediate goods of 2.3 per cent.

Producer prices within the domestic market grew by 14.4 per cent as a result of increases in energy (+22.4 per cent) and capital goods (+5.2 per cent), whereas intermediate goods dropped by 3.2 per cent.

Provisional data indicate that in the period under review, producer prices for goods destined for the non-domestic market went down by 1.7 per cent on account of a 2.4 per cent decline in prices of goods for the euro area. On the other hand, prices for goods destined for the non-euro area advanced by 4.9 per cent.

Permalink: Industrial producer price index increased 2.4% in September