Industrial producer price index up by 0.95% over September 2013

Provisional data indicate that the industrial producer price index in September increased by 0.95 per cent over the previous month.

During September, the producer price index for total industry increased by 0.95 per cent to 95.26 points. The most significant increase was in the intermediate goods sector, where prices rose by 2.22 per cent. On the other hand, capital and consumer goods decreased by 0.12 and 0.02 per cent respectively. Energy prices remained constant.

Prices within the domestic market edged down 0.01 per cent, on account of a decrease in prices of consumer goods by 0.05 per cent.

Prices for the non-domestic market increased by 1.68 per cent, as prices in respect of goods destined for the non-euro area and euro area rose by 2.03 and 1.09 per cent respectively.

On an annual basis, the industrial producer price index decreased by 1.91 per cent. The downturn resulted from price decreases in energy (-6.98 per cent), consumer goods (-1.95 per cent) and intermediate goods (-1.12 per cent). However, prices for capital goods increased by 1.43 per cent.

Producer prices for the domestic market decreased by 1.39 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 0.98 per cent were recorded in capital and intermediate goods respectively.

During the period under review, non-domestic prices decreased by 2.27 per cent, resulting from declines of 3.32 per cent and 0.47 per cent within the non-euro and euro area respectively.