The National Statistics Office has said that in July, the producer price index for total industry decreased by 1.2 per cent. This decline was reflected in a 2.3 per cent drop in prices for intermediate goods, while prices in the other main industrial groupings remained stable.

Producer prices in the domestic market remained stable while prices for energy, capital goods and consumer goods did not change, prices in the intermediate goods sector edged up by 0.2 per cent.

During the month, prices for the non-domestic market went down by 2.0 per cent on account of a 2.5 per cent decrease in prices for intermediate goods. Prices for capital goods remained unchanged, while prices for consumer goods edged up by 0.1 per cent.

Producer prices in respect of goods destined for the euro area decreased by 2.3 per cent, resulting from a 2.7 per cent decline in prices for intermediate goods. Prices for capital and consumer goods remained stable during the month.

On the other hand, prices for goods destined for the non-euro area went up by 0.6 per cent as a result of an increase in prices of intermediate, capital and consumer goods by 0.8, 0.1 and 0.2 per cent respectively.

Year-on-year, producer prices for total industry remained practically unchanged. During this period, producer prices for intermediate and capital goods decreased by 0.1 and 0.5 per cent respectively, whereas prices for energy rose by 0.2 per cent.

Producer prices within the domestic market moved up by 1.0 per cent. This was due to price increases for intermediate goods, energy, capital and consumer goods. These sectors experienced price gains of 7.8, 0.2, 0.3 and 0.6 per cent respectively.

During this period, producer prices for goods destined for the non-domestic market decreased by 0.7 per cent on account of a drop in prices in the euro area by 1.0 per cent. This decline was offset by an increase in prices in the non-euro area of 2.2 per cent.

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