The Industrial Selling Price Index rose 4.5% year-on-year in July 2017 from 4.8% in June 2017.
This increase is mainly due to higher prices of manufacturing industry products by 3.9% and mining industry by 7.7% as a result of higher prices for energy extraction products by 9.1% and non-energy sector products by 3.3%.
The increase in the prices of products of the manufacturing industry is mainly due to the 6.3% rise in the prices of agro-food industry products, mechanical and electrical industry by 7.4% and the and rubber and plastics industry by 5.5%, according to results released Tuesday by the National Institute of Statistics (INS).
Industrial selling prices rise 0.4% in July 2017 compared to June 2017
Month over month, the industrial selling price index rose 0.4% in July, after a 0.9% increase in June.
This increase is mainly due to higher prices for petroleum refining products by 2.9%, non-energy extraction by 4.1% and mechanical and electrical industry by 1.0%.
On the other hand, a 0.7% drop in prices was recorded for chemical products.