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Next Previous New increase in Producer Price Index in Industry HOME • INSIDER • CYPRUS • New increase in Producer Price Index in Industry
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The Industrial Producer Price Index showed a new increase in March, pushed upwards by price increases in almost all sectors and especially the increases in energy prices.
According to the data published on Friday by the Statistical Service, the Producer Price Index in Industry reached 120.2 points (basis 2015 = 100), recording an increase of 2.5% compared to February 2022 and 16.8% in annual base, ie compared to the corresponding month of 2021.In February the index had recorded an increase of 16.5% on an annual basis.
For the period January-March 2022, the index recorded an increase of 16.1% compared to the corresponding period of 2021.
Regarding the changes compared to the corresponding month of the previous year, increases have been observed in all sectors, with the highest increase being recorded in the electricity supply with 38.4%, followed by the water supply and material recovery with 32.2% , processing 10.5% and mines and quarries 4.2%.
By manufacturing sector, in March 2022, compared to the corresponding month of the previous year, increases were recorded in all economic activities, with most important to be presented in the wood industry (36.0%), in the production of basic metals and manufacture of metal products (28.3%), in the manufacture of products from rubber and plastics (15.1%), in the production of other non-metallic mineral products (11.2%) and in the construction of machinery and equipment, motor vehicles and other transport equipment (8.4%).
On a monthly basis, (compared to February 2022), the index remained stable in the mining sector and quarries, while it increased in the sectors of electricity supply by 4.3%, water supply and material recovery also by 4.3% and processing by 1.9%.
