Industrial producer price index up by 0.45% in May

Provisional data indicate that the industrial producer price index in May 2015 increased by 0.45 per cent over the previous month.

During May, the producer price index for total industry went up by 0.45 per cent to 94.12 points. Prices for intermediate goods increased by 1.28 per cent, while consumer goods prices decreased by 0.40 per cent. Energy and capital goods prices remained constant.

Prices within the domestic market edged up by 0.01 per cent. This was due to an increase in consumer goods of 0.06 per cent.

Prices for the non-domestic market rose by 0.74 per cent as prices in respect of goods destined for the non-euro area and euro area increased by 0.79 and 0.66 per cent respectively.

On an annual basis, the industrial producer price index in May went down by 3.03 per cent when compared to the corresponding month of 2014. The downturn resulted from price decreases in energy (14.02 per cent) and intermediate goods (4.01 per cent). On the other hand, prices within consumer and capital goods rose by 1.67 and 0.76 per cent respectively (Table 3).

Producer prices for the domestic market decreased by 4.22 per cent, mainly on account of a drop in prices for energy (14.02 per cent) and intermediate goods (0.41 per cent). Price increases were recorded in capital goods (1.60 per cent) and consumer goods (0.47 per cent).

Non-domestic prices declined by 2.14 per cent, as a result of decreases of 2.25 per cent and 1.95 per cent within the non-euro area and euro area respectively.