Provisional data indicate that the industrial producer price index in August decreased by 0.82 per cent over the previous month, the National Statistics Office said today.
During August, the producer price index for total industry decreased by 0.82 per cent to 94.35 points. The most significant decrease was in the intermediate goods sector, where prices dropped by 1.87 per cent. On the other hand, consumer goods and capital goods rose by 0.06 and 0.02 per cent respectively. Energy prices remained constant.
Prices within the domestic market increased marginally by 0.01 per cent, on account of a rise in prices within consumer goods by 0.04 per cent.
Prices for the non-domestic market decreased by 1.42 per cent, as prices in respect of goods destined for the non-euro area and euro area declined by 1.68 and 0.99 per cent respectively.
On an annual basis, the industrial producer price index decreased by 3.18 per cent. The downturn resulted from price decreases in energy (-6.98 per cent), intermediate goods (-4.11 per cent), and consumer goods (-1.85 per cent). However, prices for capital goods increased by 1.52 per cent.
Producer prices for the domestic market decreased by 1.46 per cent, mainly on account of a drop in prices for energy (-6.98 per cent). In contrast, price increases of 3.49 per cent and 0.96 per cent were recorded in capital and consumer goods respectively.
During the period under review, non-domestic prices decreased by 4.43 per cent, resulting from declines of 5.90 per cent and 1.93 per cent within the non-euro and euro area respectively.