Provisional data indicate that the industrial producer price index decreased by 0.4 per cent in October when compared with the previous month.

In October, the producer price index for total industry went down by 0.4 per cent, primarily as a result of a decrease in producer prices of 0.7 per cent in the intermediate goods sector. During this month, energy prices remained stable, while prices for capital and consumer goods fell by 0.3 and 0.1 per cent respectively.

Producer prices in the domestic market increased by 0.2 per cent on account of an increase of 2.4 per cent in the intermediate goods sector. All other sectors within the domestic market remained stable.

In the month under review, prices for the non-domestic market went down by 0.8 per cent due to changes in the intermediate goods sector (-1.0 per cent), capital goods (-0.3 per cent) and consumer goods (-0.1 per cent).

Producer prices in respect of goods destined for the euro area decreased by 0.8 per cent, the main contributors to this change being intermediate goods (-1.0 per cent) and capital goods (-0.2 per cent). Prices for consumer goods remained the same.

On the other hand, prices for goods destined for the non-euro area declined by 0.8 per cent, with the largest drops being observed for intermediate and consumer goods, both of 0.9 per cent. Capital goods declined by 0.4 per cent.

Year-on-year, producer prices for total industry increased by 3.9 per cent. Energy prices rose by 22.4 per cent, while capital and consumer goods both went up by 0.7 per cent. Offsetting these, was a drop in prices for intermediate goods of 2.5 per cent.

Producer prices within the domestic market grew by 14.8 per cent as a result of increases in energy (+22.4 per cent) and capital goods (+5.2 per cent), whereas intermediate goods and consumer goods both moved up by 0.5 per cent.

Provisional data indicate that in the period under review, producer prices for goods destined for the non-domestic market went down by 2.2 per cent on account of a 2.9 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 4.6 per cent.

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