Be the first to comment!April’s industrial price index down by 1.8% on March
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In April, the producer price index for total industry went down by 1.8 per cent, primarily as a result of a decrease in prices of 3.4 per cent in the intermediate goods sector. Furthermore, the capital goods sector edged down by 0.1 per cent, and the consumer goods sector edged up by 0.2 per cent.
Producer prices in the domestic market remained stable, although a marginal rise of 0.1 per cent was recorded in both the intermediate and consumer goods sectors.
During the month, prices for the non-domestic market went down by 3.0 per cent on account of a 3.6 per cent drop in prices for intermediate goods, while prices for capital goods declined by 0.1 per cent. On the other hand, prices for consumer goods increased by 0.3 per cent.
Producer prices in respect of goods destined for the euro area dropped by 3.3 per cent, reflecting a decrease of 4.0 per cent in prices for intermediate goods, and a decline of 0.1 per cent in the capital goods sector. This was partly offset by a rise of 0.4 per cent in the consumer goods sector.
Prices for goods destined for the non-euro area went up by 0.1 per cent as a result of an increase of 0.3 per cent in the intermediate goods sector, while prices for capital goods declined by 0.2 per cent. No price changes were recorded in the consumer goods sector.
Year-on-year, producer prices for total industry went up by 1.3 per cent. During this period, producer prices for intermediate goods rose by 2.2 per cent, while energy and consumer goods increased by 0.2 and 0.5 per cent respectively. A decline of 0.6 per cent within capital goods was recorded.
Producer prices within the domestic market moved up by 0.9 per cent. Intermediate goods, energy, capital goods and consumer goods rose by 6.2, 0.2, 1.5 and 0.6 per cent respectively. In the year under review, producer prices for goods destined for the non-domestic market advanced by 1.6 per cent on account of price increases in the euro and non-euro area of 1.3 and 3.9 per cent respectively.
