KSH reports tiny rise in industrial producer prices, big jump in pharmaceuticals


Figures for industrial producer prices for June 2013 have been released by the Central Statistics Office (KSH), showing fairly static movement in most sectors and an overall rise.

KSH attributed the increase of 0.3% month-on-month to “an aggregate effect of domestic and export price changes.”

Pharmaceutical products/preparations saw the largest price increase over May at 4.0%. In manufacturing branches, the jump was 0.3% for June, with coke/refined petroleum products (1.2%) and chemical products and related machinery (1.1%) seeing the highest increases within this sector.

Interestingly, prices in the pharmaceutical industry changed at both extremes of the spectrum: In the domestic market, manufacture of such product was down a big 1.8% – highest within the entire home market – while export sales prices on this manufacture was up 5.2%, also a high. KSH also reported that the trend in falling price for industry export of utility-related goods such as electricity, gas, steam and air-conditioning supply continued, with an across-the-board fall of 0.7%.

In domestic sales to end-use groups, prices increased month-on-month by 0.4% in energy producer branches, 0.2% in intermediate-goods producer branches and by 0.3% in capital goods producer branches. Prices in consumer goods producer branches dropped 0.4%.


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