Provisional data indicate that the industrial producer price index in September increased by 0.9 per cent when compared to the previous month, the National Statistics Office said today.

In September, the industrial producer price index increased by 0.9 per cent from 93.5 to 94.3 points. This was the result of a rise in intermediate goods by 1.8 per cent, with prices in the other main industrial groupings remaining stable.

Domestic prices went down by 0.1 points, brought about by a decrease of 0.3 per cent in intermediate goods.

In contrast, the non-domestic sector was characterised by an increase of 1.6 per cent, driven by a 2.0 per cent rise in prices for intermediate goods. The other sectors in the non-domestic sphere showed no price changes.

Furthermore, producer prices in respect of goods destined for the euro area rose by 1.7 per cent, and prices for goods destined for the non-euro area by 1.0 per cent.

Annually, the producer price index decreased from 99.1 to 94.3 points, or by 4.8 per cent. The downturn resulted from price drops in intermediate goods (-9.2 per cent) and capital goods (-0.6 per cent). On the other hand, consumer goods rose by 0.8 per cent. Prices for energy remained stable.

Producer prices for the domestic market remained unchanged as declines in prices in intermediate and capital goods by 1.8 and 2.5 per cent respectively were offset by an increase of 1.1 per cent in prices for consumer goods.

Non-domestic prices dropped by 8.1 per cent, as producer prices in respect of both the eurozone and non-eurozone fell by 9.0 and 1.2 per cent respectively.

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