Industrial producer prices up 1.2% in July

Automotive

Industrial producer prices as a whole were 1.2% higher in July 2017 than in the same month of the previous year. Domestic output prices increased by 2.2% on average, while non-domestic output prices went up by 0.8%, according to a first release of July data from the Central Statistical Office (KSH).

In July 2017 compared to July 2016, industrial domestic output prices of manufacturing, representing a weight of two-thirds, rose by 3.6%, while prices of the energy industry (electricity, gas, steam and air conditioning supply), with a weight of nearly three-tenths, were cut by 1.3% compared to a year earlier.

Of the end-use groups of the producing branches of industry, domestic output prices increased by 1.2% in energy and intermediate producing branches, by 1.3% in capital goods producing, and by 5.1% in consumer goods producing branches.

Industrial non-domestic output prices rose by 0.8%, within which the prices of manufacturing (representing a weight of 95.1%) were up by 0.9%, while the prices of energy (having a weight of 4.6%) were cut by 1.1%.

In January–July 2017 compared to the first seven months of 2016, domestic output prices increased by 5.0% and non-domestic output prices by 1.9%, so that industrial producer prices as a whole were 2.9% higher year-on-year.

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