Provisional data indicate that the industrial producer price index in November decreased by 0.9 per cent when compared to the previous month. Year-on-year comparisons indicate that producer prices for total industry increased by 3.5 per cent, from 94.3 points to 97.6 points.the National Statistics Office said today.

In November, the producer price index for total industry decreased by 0.9 per cent over the previous month. The decrease in the overall producer price index was mainly characterised by downward price trends in intermediate and capital goods, by 1.7 and 0.1 per cent respectively.

No material price movements were reported in the domestic sphere. Producer prices in the non-domestic market decreased from 77.5 points in October to 76.4 points in November: a monthly change of 1.5 per cent. This was due to a decline in intermediate goods of 1.8 per cent. In addition, producer prices for capital goods edged down by 0.2 per cent.

Producer prices in respect of goods destined for the euro area decreased by 1.7 per cent, while the non-domestic non-euro area showed no change.

Year-on-year comparisons indicate that producer prices for total industry increased by 3.5 per cent, from 94.3 points to 97.6 points. During this period, producer prices for intermediate goods increased by 6.1 per cent, and capital and consumer goods went up by 0.8 and 1.9 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 4.7, 6.9 and 2.0 per cent respectively.

The period under review revealed that producer prices for goods destined for the non-domestic market went up by 5.4 per cent on account of an increase in prices in the euro area of 5.9 per cent, and a rise in prices for goods destined for the non-domestic non-euro area of 1.5 per cent.

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