Provisional data indicate that the industrial producer price index in May increased by 0.41 per cent over the previous month, the National Statistics Office said today.
During May, the producer price index for total industry increased by 0.41 per cent to 94.84 percentage points. The most significant increase was registered in the intermediate goods sector, by 0.95 per cent. Consumer goods rose by 0.04 per cent while capital goods decreased by 0.16 per cent.
Prices within the domestic market increased marginally by 0.02 per cent, on account of a rise in prices within consumer goods by 0.05 per cent.
Prices for the non-domestic market increased by 0.70 per cent, as prices in respect of goods destined for the euro area and non-euro zone rose by 0.41 and 0.89 per cent respectively.
On an annual basis, the industrial producer price index decreased by 3.39 per cent. This downturn resulted from price decreases in energy (-6.98 per cent), intermediate goods (-4.85 per cent) and consumer goods (-1.27 per cent). However, prices for capital goods increased by 1.13 per cent.
Producer prices for the domestic market decreased by 1.93 per cent, mainly on account of a drop in the producer prices of the energy sector. In contrast, price increases of 3.06 and 0.87 per cent were recorded in capital and consumer goods respectively.
During the period under review, non-domestic prices decreased by 4.45 per cent, resulting from declines of 0.79 and 6.52 per cent within the euro and non-euro area respectively.