In October, the producer price index for total industry decreased by 8.6 per cent. This decline was reflected in a 15.8 per cent decrease in prices for intermediate goods. Prices for consumer goods rose by 0.4 per cent, while prices for capital goods and energy remained stable. These figures are issued by the National Statistics Office.
Overall, producer prices in the domestic market edged up by 0.2 per cent, in view of increases of 0.8 per cent in the consumer goods sector and of 0.1 per cent in the intermediate goods sector. Prices for energy and capital goods remained unchanged.
During the month, prices for the non-domestic market went down by 14.2 per cent on account of a 17.0 per cent decline in prices for intermediate goods. No price changes were recorded for capital and consumer goods.
Producer prices in respect of goods destined for the euro area declined by 15.7 per cent, resulting solely from an 18.4 per cent drop in prices for intermediate goods.
Prices for goods destined for the non-euro area went down by 0.3 per cent in view of declines of 0.4 and 0.1 per cent in intermediate and capital goods respectively. No price change was registered in the consumer goods sector.
Year-on-year, producer prices for total industry declined by 6.8 per cent. During this period, producer prices for intermediate goods dropped by 13.0 per cent. On the other hand, prices for energy and consumer goods went up by 0.2 and 1.0 per cent respectively. The prices for capital goods remained unchanged.
Producer prices within the domestic market edged up by 0.8 per cent. This was due to price increases for intermediate goods, energy, capital and consumer goods, which experienced price gains of 3.6, 0.2, 0.3 and 1.5 per cent respectively.
During this period, producer prices for goods destined for the non-domestic market decreased by 11.7 per cent on account of a drop in prices in the euro area of 13.5 per cent, partly mitigated by an increase of 4.3 per cent in prices for the non-euro area.