The National Statistics Office said today that provisional data indicates that in September, the producer price index for total industry increased by 0.7 per cent over the previous month. This was due to an increase of 1.3 per cent in intermediate goods. Year-on-year comparisons indicate that producer prices for total industry declined by 3.0 per cent to 99.2 points

The other industrial groupings recorded no price movements, and energy producer prices have remained stable for over a year.

Prices in the domestic market notched up by 0.2 per cent. Once again, the prime mover was the intermediate goods sector, increasing by 1.6 per cent.

Producer prices in the non-domestic market rose by 1.1 per cent, influenced by an increase of 1.3 per cent for intermediate goods. No price changes were recorded in the other industrial groupings. Producer prices in respect of goods destined for the euro area increased by 1.2 per cent due to changes of 1.4 per cent for intermediate goods.

In the non-domestic non-euro area, prices remained stable.

Year-on-year comparisons indicate that producer prices for total industry declined by 3.0 per cent to 99.2 points. During this period, producer prices for intermediate goods decreased by 6.0 per cent. On the other hand, prices for capital and consumer goods increased by 1.0 and 1.7 per cent respectively. No price changes were registered in energy prices.

Producer prices for the domestic market edged up by 0.9 per cent. Prices for intermediate, capital and consumer goods rose by 4.1, 4.2 and 2.4 per cent respectively.

The period under review revealed that producer prices for goods destined for the non-domestic market decreased by 5.5 per cent on account of a drop in prices in the euro area of 6.3 per cent, whereas prices for goods destined for the non-domestic non-euro area increased by 1.9 per cent.

Permalink: September producer prices up 0.7%, but down 3% on 2011