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Factory gate prices up 3.5% in March

Industrial producer prices as a whole were 3.5% higher in March 2018 than in the same month of the previous year. Domestic output prices increased by 3.3% on average, while export prices went up by 3.6% compared to March 2017, according to monthly data released by the Central Statistical Office (KSH).

In a month-on-month comparison, industrial producer prices were unchanged as domestic prices and export prices were stable. 

In March 2018 compared to March 2017, of the end-use groups of the producing branches of industry, industrial domestic output prices rose by 3.8% in energy and intermediate producing, by 3.7% in capital goods producing, and by 1.8% in consumer goods producing branches.

Within domestic output, prices in manufacturing, representing a weight of six-tenths of the total, rose by 3.2%, while prices in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of over one-third, rose by 3.7% compared to a year earlier.  

Within export output prices, prices rose by 3.4% in manufacturing (representing a weight of 96.4% of the total), and by 8.2% in the energy industry (with a weight of 3.4%).

In January–March 2018, compared to the first quarter of 2017, domestic output prices increased by 3.4%, while export prices rose by 3.6%, so that industrial producer prices as a whole were 3.6% higher in the first three months, year-on-year.

Data on industrial producer prices in April 2018 will be published by the KSH on May 31.