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Historical record in December for prices in the industry

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Historical record in December for prices in the industry

Insider / ΚΥΠΕ

Prices in industry increased by 7.5% in 2021, compared to 2020, reaching the highest level of the last eight years, while only in December 2021 prices increased by 18.5%, compared to corresponding month of 2020, recording a historically high level.

In December, according to the Statistical Service, the Producer Price Index in Industry reached 118.3 points (basis 2015 = 100), recording an increase of 0.6%, compared to November 2021, a level that is the highest at least from in 2000 where data are available.

For the period January – December 2021, the average of the index rose to 108.5 points, reaching the highest level since 2013 when the index was again at 108.5 points.

In December 2021, compared to November 2021, the index remained stable in the field of electricity supply, while it recorded an increase in the sectors of water supply and material recovery by 1.5%, processing by 0.7% and mining and quarries by 0.5%.

Regarding the changes compared to the corresponding month of 2020, increases have been observed in all sectors, as follows: electricity supply 56.4%, water supply and materials recovery 32.9%, processing 8.6% and mining and quarries 4.3%.

By manufacturing sector, in December 2021, compared to the corresponding month of the previous year, increases were recorded in all economic activities, with the most important being presented in the wood industry (28.8%), in the production of basic metals and construction of metal products (26 , 5%), in the manufacture of rubber and plastics products (13.9%), in the manufacture of machinery and equipment, motor vehicles and other transport equipment (7.9%) and in the production of other non-metallic mineral products (7, 6%).

Source: www.philenews.com

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