Industrial producer price index in June went up by 0.8 per cent

Provisional data indicate that the industrial producer price index in June went up by 0.8 per cent compared to the previous month, according t the National Statistics Office data.

In June, the producer price index for total industry went up by 0.8 per cent over the previous month.  The overall change in the index was brought about by an increase of 1.7 per cent in intermediate goods.  This increase was partially mitigated by a decline of 0.1 per cent in consumer goods.  The other main industrial groupings remained stable.

Producer prices for the domestic market remained unchanged when compared to the previous month, where developments in intermediate and consumer goods prices offset each other.

Overall, producer prices in the non-domestic market went up by 1.4 per cent in view of a rise of 1.8 per cent in the intermediate goods sector.  Prices for capital and consumer goods registered no change over the previous month.

Producer prices in respect of goods destined for the euro area increased by 1.6 per cent due to price rises of intermediate goods by 1.9 per cent.  No price changes were reported for capital and consumer goods.

In the non-domestic non-euro area, prices edged up by 0.2 per cent.  This was due to a 0.2 per cent increase in intermediate goods.  Capital and consumer goods remained stable.

Year-on-year, producer prices for total industry declined by 4.1 per cent.  During this period, producer prices for intermediate goods dropped by 8.1 per cent.  On the other hand, prices for capital and consumer goods went up by 0.8 and 1.7 per cent respectively.  Energy prices remained unchanged.

Producer prices for the domestic market went up by 0.6 per cent.  Prices for intermediate, capital and consumer goods rose by 1.3, 4.2 and 2.5 per cent respectively.

The period under review revealed that producer prices for goods destined for the non-domestic market decreased by 7.1 per cent on account of a drop in prices in the euro area of 8.3 per cent, whereas prices for goods destined for the non-domestic non-euro area increased by 2.9 per cent.