According to the report of the National Institute of Statistics, in November last year, the prices of industrial products increased by 35.1% with a downward trend. Economists often look to producer prices as a leading indicator of where inflation will be headed in a few months.

This is a good signal for the pockets of each of us, signaling that in the near term the prices on the shelves will continue the same downward trend, which may force the BNR not to raise the key interest rate at the meeting on December 10.

Industrial production prices are a key indicator for measuring inflation, as well as for determining the GDP deflator (real economic growth is calculated by dividing nominal GDP by the index obtained by this deflator). The lower the IPPI, the higher the GDP in real terms.

However, industrial inflation remained high due to energy prices. At the opposite pole, the smallest increase was observed in the production of pharmaceutical products