Provisional data given by the National Statistics Office indicate that the industrial producer price index in October decreased by 1.0 per cent when compared to the previous month. Year-on-year comparisons indicate that producer prices for total industry increased by 4.9 per cent, from 93.8 points to 98.4 points.

In October, the producer price index for total industry decreased by 1.0 per cent over the previous month. This was due to a drop in intermediate goods by 2.2 per cent which was partially offset by a 0.7 per cent increase in prices for consumer goods. Energy and capital goods remained in the same levels of the previous month.

Aggregate prices in the domestic market did not change, as price developments in the intermediate and consumer goods markets offset each other. Energy and capital goods prices remained stable.

Producer prices in the non-domestic market declined by 1.7 per cent, influenced by a drop of 2.3 per cent in intermediate goods. Consumer goods rose by 1.1 per cent while capital goods remained in the same levels as the previous months.

Producer prices in respect of goods destined for the euro area decreased by 1.9 per cent, due to a drop of 2.5 per cent in intermediate goods. This was mitigated by a rise of 1.3 per cent in the consumer goods sector.

In the non-domestic non-euro area, prices decreased by 0.3 per cent due to a decrease of 0.4 per cent in intermediate goods.

Year-on-year comparisons indicate that producer prices for total industry increased by 4.9 per cent, from 93.8 points to 98.4 points. During this period, producer prices for intermediate goods went up by 9.0 per cent. On the other hand, prices for capital and consumer goods rose by 1.0 and 2.0 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 4.3, 4.2 and 2.1 per cent respectively.

The period under review revealed that producer prices for goods destined for the non-domestic market advanced by 7.9 per cent on account of an increase in prices in the euro area of 8.7 per cent, and a rise in prices for goods destined for the non-domestic non-euro area by 1.8 per cent.

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