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Factory gate avg. price rise slows to 2.7% y-o-y in April

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Industrial producer prices were 2.7% higher in April 2018 than in the same month of the previous year. Domestic output prices increased by 3.2% on average, while export prices went up by 2.5% compared to April 2017, the Central Statistical Office (KSH) reported.

Producer price rises as a whole slowed from a 3.9% year-on-year increase in February and 3.5% increase in March.

In April 2018 compared to April 2017, industrial domestic output prices rose by 3.2%.  Of the end-use groups of the producing branches of industry, domestic prices increased by 4.0% in energy and intermediate producing, by 2.4% in capital goods producing, and by 1.2% in consumer goods producing branches.

Within domestic prices, prices in manufacturing, representing a weight of six-tenths of the total, rose by 3.6%, while prices in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of over one-third, rose by 2.9% year-on-year.

Industrial export prices rose by 2.5%, within which prices rose by 2.2% in manufacturing (representing a weight of 96.4%), and by 7.5% in the energy industry (with a weight of 3.4%).

In January–April 2018, compared to the first four months of the previous year, domestic output prices increased by 3.4%, while export prices rose by 3.3%, meaning that industrial producer prices as a whole were 3.4% higher year-on-year.

Industrial producer prices for May 2018 will be published on June 29.

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