Provisional data indicate that the industrial producer price index in July decreased by 0.74 per cent over the previous month.
The National Statistics Office said that today the data show that during July, the producer price index for total industry decreased by 0.74 per cent to 95.11 points. The most signficant decrease was in the intermediate goods sector, where prices went down by 1.83 per cent. On the other hand, consumer goods rose by 0.23 per cent, whereas the energy and capital goods sectors remained constant.
Prices within the domestic market edged down by 0.01 per cent, on account of a decline in prices within consumer goods. The other sectors remained constant.
Prices for the non-domestic market decreased by 1.28 per cent, as prices in respect of goods destined for the non-euro area and euro area declined by 1.47 and 0.95 per cent respectively.
On an annual basis, the industrial producer price index decreased by 2.74 per cent. The downturn resulted from price decreases in energy (-6.98 per cent), intermediate goods (-2.97 per cent), and consumer goods (-2.01 per cent). However, prices for capital goods increased by 1.32 per cent.
Producer prices for the domestic market decreased by 1.83 per cent, mainly on account of a drop in the producer prices of the energy sector. In contrast, price increases of 3.06 and 0.75 per cent were recorded in capital and consumer goods respectively.
During the period under review, non-domestic prices decreased by 3.40 per cent, resulting from declines of 4.67 and 1.21 per cent within the non-euro and euro area respectively.