Producer price index increases by 1.4% in August

In August, the producer price index for total industry increased by 1.4% over the previous month.

Intermediate goods went up by 2.5%, while consumer goods increased by 0.3%. The other main industrial groupings remained stable.

No significant price changes were recorded in the domestic market.

Intermediate goods index edged down by 0.1% but was offset by an increase of 0.2% within consumer goods.

Producer prices in the non-domestic market went up by 2.3% resulting from increases of 2.8% and 0.3% within intermediate and consumer goods respectively.

Producer prices in respect of goods destined for the euro area increased by 2.5% due to a 3.0% rise in prices for intermediate goods.

In the non-domestic non-euro area, prices increased by 0.4% due to a 0.1% and 1.8% increase in capital and consumer goods respectively.

On the other hand, prices for intermediate goods remained stable.

Compared to 2011, producer prices for total industry in 2012 declined by 2.0%. During this period, producer prices for intermediate goods decreased by 4.3%.

On the other hand, prices for capital and consumer goods increased by 1.1% and 2.1% respectively. No changes were registered in energy prices.

Producer prices for the domestic market edged up by 0.8%. Prices for intermediate, capital and consumer goods rose by 2.4, 4.2 and 2.8% respectively.

The period under review revealed that producer prices for goods destined for the non-domestic market decreased by 3.8% on account of a drop in prices in the euro area of 4.6%.

On the other hand, prices for goods destined for the non-domestic non-euro area increased by 3.4%.