Latest data published by the National Statistics Office (NSO) shows that when compared to May 2017, the industrial producer price index went up by 5.63 per cent. This was due to a rise of 15.70 per cent in the intermediate goods sector. Decreases were registered in the consumer goods (0.58 per cent) and capital goods (0.04 per cent) sectors. No price changes occurred in the energy sector.
Industrial producer prices for the domestic market increased by 0.25 per cent. Price rises were recorded within intermediate goods (1.57 per cent) and consumer goods (1.19 per cent) while price drops were registered in the capital goods sector (1.33 per cent).
Non-domestic prices increased by 9.34 per cent due to a rise of 11.91 per cent within the non-euro area and 4.53 per cent within the euro area.
During May 2018, the producer price index for total industry registered an increase of 0.07 per cent over the previous month. This was due to a price rise of 0.12 per cent within the intermediate goods sector. A decrease of 0.03 per cent was registered within the consumer goods sector.
An increase of 0.04 per cent was recorded in the domestic sector while non-domestic prices increased by 0.05 per cent.