Provisional data indicate that the industrial producer price index in December 2015 increased by 0.66 per cent when compared to the previous month, the National Statistics Office said today.
During December, the producer price index for total industry rose by 0.66 per cent and reached 95.51 points. Prices for intermediate and consumer goods increased by 1.44 and 0.05 per cent respectively. Energy and capital goods prices remained constant.
Prices within the domestic market increased by 0.07 per cent. This was due to an increase in prices of 0.44 per cent within consumer goods and mitigated by a drop of 0.28 per cent in the intermediate goods sector. Other sectors remained the same.
Prices for the total non-domestic market increased by 1.05 per cent. Prices within the non-euro area increased by 1.23 per cent, whilst that of the euro area increased by 0.79 per cent.
On an annual basis, the industrial producer price index went down by 3.38 per cent when compared to 2014. The downturn resulted from price decreases in energy (14.02 per cent) and intermediate goods (4.69 per cent). On the other hand, prices within capital and consumer goods rose by 2.10 and 0.92 per cent respectively.
Producer prices for the domestic market decreased by 2.90 per cent, mainly on account of a drop in prices for energy (14.02 per cent). Price increases were recorded in capital goods (4.6 per cent), intermediate goods (2.63 per cent) and consumer goods (1.20 per cent).
Non-domestic prices declined by 3.68 per cent, resulting from decreases of 3.85 per cent and 3.39 per cent within the non-euro and the euro area respectively.