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Year-on-year industrial producer prices go down by 2.0%

Year-on-year industrial producer prices go down by 2.0%Provisional data indicate that the year-on-year, producer prices for total industry declined by 2.0 per cent. During this period, producer prices for intermediate goods decreased by 4.3 per cent.

In August, the producer price index for total industry increased by 1.4 per cent over the previous month. Intermediate goods went up by 2.5 per cent, while consumer goods increased by 0.3 per cent. The other main industrial groupings remained stable.

No significant price changes were recorded in the domestic market. Intermediate goods edged down by 0.1 per cent, but was offset by an increase of 0.2 per cent within consumer goods.

Producer prices in the non-domestic market went up by 2.3 per cent. This resulted from increases of 2.8 and 0.3 per cent within intermediate and consumer goods respectively.

Producer prices in respect of goods destined for the euro area increased by 2.5 per cent due to a 3.0 per cent rise in prices for intermediate goods.

In the non-domestic non-euro area, prices increased by 0.4 per cent. This was due to a 0.1 and 1.8 per cent increase in capital and consumer goods respectively. On the other hand, prices for intermediate goods remained stable.

Year-on-year, producer prices for total industry declined by 2.0 per cent. During this period, producer prices for intermediate goods decreased by 4.3 per cent. On the other hand, prices for capital and consumer goods increased by 1.1 and 2.1 per cent respectively. No changes were registered in energy prices.

Producer prices for the domestic market edged up by 0.8 per cent. Prices for intermediate, capital and consumer goods rose by 2.4, 4.2 and 2.8 per cent respectively.

The period under review revealed that producer prices for goods destined for the non-domestic market decreased by 3.8 per cent on account of a drop in prices in the euro area of 4.6 per cent. On the other hand, prices for goods destined for the non-domestic non-euro area increased by 3.4 per cent.

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