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December’s producer price index down on November

December's producer price index down slightly on NovemberProvisional data indicate that in December, the producer price index for total industry decreased by 0.5 per cent over the previous month. The decline resulted from a 0.9 per cent decrease in prices for intermediate goods.

The figures released by the National Statistics Office show that price movements in the domestic sphere decreased by 0.1 per cent. Intermediate and consumer goods declined by 0.5 and 0.1 per cent respectively. No price changes were registered in the energy or capital goods sectors.

Producer prices in the non-domestic market decreased from 75.6 points in November to 75.0 points in December 2012, a monthly change of 0.8 per cent. The negative contribution was due to a drop in intermediate goods prices. There were no other changes for non-domestic producer prices.

Producer prices in respect for goods destined for the euro area decreased by 0.9 per cent, while prices for the non-domestic non-euro area reported no material changes.

Year-on-year comparisons indicate that producer prices for total industry remained stable. During this period, producer prices for intermediate goods went down by 0.7 per cent. This was completely offset by increases of 0.4 and 1.9 per cent respectively for capital and consumer goods. No price changes were registered in energy prices.

Producer prices for the domestic market edged up by 0.8 per cent. This was caused by rises of intermediate, capital and consumer goods.

The period under review revealed that producer prices for goods destined for the non-domestic market decreased by 0.6 per cent on account of a decline in prices in the euro area by 0.9 per cent. Mitigating this decease was a rise in prices for goods destined for the non-domestic non-euro area by 1.5 per cent.

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