In January, the producer price index for total industry went down by 0.4 per cent, primarily as a result of a decline in producer prices of 0.9 per cent in the intermediate goods sector. Partly mitigating this drop was a rise in prices for energy and non-durable consumer goods, of 0.2 and 0.1 per cent respectively.
Producer prices in the domestic market went up by 0.2 per cent, due to a rise of 0.6 and 0.2 per cent in the intermediate goods and energy sectors respectively.
During the month, prices for the non-domestic market went down by 0.8 per cent on account of a 1.0 per cent decline in prices for intermediate goods. On the other hand, non-durable consumer goods for this market edged up by 0.2 per cent.
Producer prices in respect of goods destined for the euro area retreated by 1.0 per cent, mainly due to a decline of 1.2 per cent in prices for intermediate goods. Prices for goods destined for the non-euro area went up by 0.7 per cent, with increases registered in intermediate goods (+0.7 per cent) and non-durable consumer goods (+0.8 per cent).
Year-on-year, producer prices for total industry increased by 1.6 per cent. During the twelve month period, intermediate goods registered an increase of 1.8 per cent, while non-durable consumer goods advanced by 4.3 per cent. Slight increases were also registered for energy and capital goods, of 0.2 and 0.4 per cent respectively.
Producer prices within the domestic market edged up by 0.8 per cent, intermediate and capital goods rose by 6.8 and 4.2 per cent respectively, while energy added 0.2 per cent. In the year under review, producer prices for goods destined for the non-domestic market went up by 2.2 per cent.
This rise was due to upward price movements in the euro and non-euro area, of 1.9 and 4.3 per cent respectively.