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During February 2023, the industrial producer price index registered an increase of 4.59 per cent when compared to the corresponding month of 2022.

 Annual comparison

When compared to February 2022, the industrial producer price index increased by 4.59 per cent. Price increases were registered in the consumer goods (9.31 per cent), in the capital goods (9.06 per cent) and in the intermediate goods (1.32 per cent). No price change occurred in the energy sector. Industrial producer prices for the domestic market increased by 3.80 per cent. Price rises were recorded in the consumer goods (7.56 per cent), in the intermediate goods (4.85 per cent), and in the capital goods (2.59 per cent). Non-domestic prices increased by 5.12 per cent. The prices of goods destined to the non-euro area rose by 5.56 per cent while those destined to the euro area increased by 4.29 per cent (Table 2).

Monthly comparison

During February 2023, the industrial producer price index increased by 0.05 per cent when compared to January 2023. Capital goods and consumer goods increased by 2.00 per cent and 0.21 per cent respectively. On the other hand, intermediate goods dropped by 0.73 per cent. There were no price changes in the energy sector. Domestic market prices went up by 0.07 per cent due to an increase of 0.52 per cent in the consumer goods. On the contrary, a decline of 0.37 per cent was registered in the intermediate goods. Non-domestic prices increased by 0.04 per cent. The prices of goods destined to the non-euro area rose by 0.16 per cent while those destined to the euro area dropped by 0.19 per cent (Table 3).

ARTICLE WRITTEN BY NSO

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