In October 2008, industrial production prices were by 16.7% higher overall compared to the similar month of the year before; with an advance of 18.8%, the processing industry was the most dynamic sector, shows data published on December 2 by the National Statistics Institute (INS).
Below-average tariff hikes were registered for electricity, heat, gas and water (plus 10.6%) and the extractive industry (plus 5.5%).
By major industry groups, prices increased significantly for intermediate goods (plus 24.4%), whereas the price advance was below average for energy products (plus 13.8%); Fast Moving Consumer Goods – FMCG (plus 12.9%); capital goods (plus 12.7% and durables (plus 9.5%).Compared to September 2008, industrial production prices were by 0.1% lower in October 2008.
By activity sectors, prices for extractive industry products and electricity, heat, gas and water went up 5.1%, and 0.2% respectively from the month before, whereas prices in the processing industry decreased 0.6%.
By major industry groups, a price advance was registered for capital goods (plus 1.6%), durables (plus 1.6%), the industry of intermediate goods (plus 0.7%) and FMCG (plus 0.6%),
whereas energy industry prices followed a down trend (minus 2.2%).
Industrial production prices published by INS take both the domestic and the foreign market in consideration.
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