Provisional data indicate that the industrial producer price index in June increased by 1.9 per cent when compared to the previous month, the National Statistics Office said today.
In June, the producer price index for total industry rose by 1.9 per cent over the previous month. This was due to an increase in the price of intermediate goods by 3.2 per cent, and 1.1 per cent for consumer goods. No changes were recorded in the other main industrial groupings.
Price movements in domestic prices increased by 0.4 per cent, where prices for intermediate goods and consumer goods rose by 0.1 per cent and 1.9 per cent respectively.
No price changes occurred in the energy and capital sectors. The non-domestic sector was characterised by an increase of 2.9 per cent, with the major contributor being intermediate goods (+3.5 per cent). Furthermore, a 0.2 per cent rise was registered within the consumer goods sector.
Producer prices in respect of goods destined for the euro area went up by 3.4 per cent, while prices for goods destined for the non-euro area decreased by 0.8 per cent.
On an annual basis, the producer price index increased from 97.0 to 97.7 points, or by 0.6 per cent. During this period, producer prices for intermediate goods went up by 0.6 per cent and rose by 2.0 per cent within consumer goods. Capital goods declined by 0.2 per cent. No price change was registered for energy.
Producer prices for the domestic market edged up by 1.1 per cent, resulting from an increase in prices for intermediate and consumer goods by 3.6 and 3.4 per cent respectively.
The period under review revealed that producer prices for goods destined for the non- domestic market increased by 0.3 per cent on account of an increase in prices in the euro area of 0.5 per cent, while prices for goods earmarked for the non-euro area dropped by 1.1 per cent.