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HomeNewsIndustrial Selling Price Index grows 5% in August 2017

Industrial Selling Price Index grows 5% in August 2017

The industrial selling prices index rose 5% year-on-year in August 2017 (4.5% in July 2017), according to data published by the National Statistics Institute (INS).

The INS said this acceleration is mainly due to the rise in prices of products in the manufacturing industry by 4.6% and the prices of products of the extractive industry by 6.7% due to higher prices of energy extraction products by 9.3%, despite the non-energy products price decrease by 1.4%.

The rise in the prices of products of the manufacturing industry is mainly due to the 7% increase in the price of the products of the agri-food industry, the mechanical and electrical industry by 7.8% and the industry of the rubber and plastics by 5.1%.

Industrial selling prices up 0.1% in August 2017, compared to July 2017

On a monthly basis, the Industrial Selling Price Index rose 0.1% in August 2017after a 0.4% increase in July.

This increase is mainly due to the rise in the prices of food industry products by 0.5%, the mechanical and electrical industry by 0.4% and the paper and board industry 0.9%.

On the other hand, a drop in prices was recorded in chemical industry products by 1%, according to the INS.

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