Be the first to comment!Industrial producer price index increased by 1.2% in March
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Provisional data indicates that the industrial producer price index increased by 1.2 per cent in March when compared to February.
Monthly comparison
In March, the producer price index for total industry went up by 1.2 per cent, primarily as a result of an increase in prices of 2.2 per cent in the intermediate goods sector.
Slightly offsetting this increase were drops of 0.2 and 0.1 per cent in the capital and consumer goods sectors respectively.
Producer prices in the domestic market edged up by 0.1 per cent, due to a rise of 1.0 per cent in intermediate goods, which was mitigated by a drop of 0.2 per cent in the consumer goods sector.
During the month, prices for the non-domestic market went up by 1.9 per cent on account of a 2.3 per cent rise in prices for intermediate goods.
On the other hand, prices for capital goods declined by 0.2 per cent.
Producer prices in respect of goods destined for the euro area rose by 2.1 per cent, reflecting an increase of 2.5 per cent in prices for intermediate goods, partly offset by a decline of 0.2 per cent in the capital goods sector.
Prices for goods destined for the non-euro area went down by 0.3 per cent as a result of decreases of 0.5 and 0.1 per cent in the intermediate and capital goods sectors respectively.
Annual comparison
Year-on-year, producer prices for total industry increased by 2.2 per cent. During this period, producer prices for intermediate goods registered a rise of 2.7 per cent, with energy and consumer goods going up by 0.2 and 3.9 per cent respectively. A decline of 0.1 per cent within capital goods was recorded.
Producer prices within the domestic market moved up by 0.9 per cent. Intermediate goods, energy and consumer goods rose by 7.6, 0.2 and 0.4 per cent respectively, whereas capital goods fell by 1.9 per cent.
In the year under review, producer prices for goods destined for the non-domestic market advanced by 3.0 per cent on account of price increases in the euro and non-euro area, of 2.9 and 3.9 per cent respectively.
