Industrial producer price index up 5% in July

The industrial producer price index registered an increase of 5.01% in July when compared to the corresponding month of the previous year

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During July 2022, the industrial producer price index registered an increase of 5.01% when compared to the corresponding month of the previous year

Annual comparison

When compared to July 2021, the industrial producer price index increased by 5.0%.

Price increases were registered in all the main industrial groupings except energy.

The highest increase was registered in the intermediate goods (7.24%) followed by consumer goods (5.14%) and capital goods (3.36%).

Industrial producer prices for the domestic market increased by 9.24%.

Price rises were recorded in the intermediate goods (20.29%), capital goods (15.16%) and consumer goods (10.31%).

Non-domestic prices increased by 2.31%.

The prices of goods destined to the non-euro area rose by 2.95% while those destined to the euro area increased by 1.12%.

Monthly comparison

During July 2022, the industrial producer price index increased by 0.06% when compared to June 2022. Consumer goods and capital goods rose by 0.20% and 0.17% respectively.

A drop of 0.05% was recorded in the intermediate goods. There were no price changes in the energy sector.

Domestic market prices increased by 0.22% due to increases of 0.84% in the intermediate goods and 0.02% in the consumer goods.

Non-domestic prices dropped by 0.05%.

The prices of goods destined to the euro area decreased by 0.07% while those destined to the non-euro area declined by 0.03%.

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