According to data from the National Institute of Statistics (INS), industrial inflation in September was 46.7% in annual terms.
In the mining industry, industrial products rose in price by 79.2%, in the processing industry by 20.53%, in the field of production and supply of electricity, thermal energy, and gas by 163.2%, in water distribution by 20.31%. .
Compared to the previous month, this is a decrease of 1%.
As such, shelf prices will continue to rise, but it remains to be seen how they will be absorbed by retailers due to shrinking profit margins.
Prices of industrial products are a key indicator for measuring inflation and for determining the GDP deflator (real economic growth is calculated by dividing nominal GDP by the index derived from this deflator). The lower the IPPI, the higher the GDP in real terms.
Source: Hot News RO
Anna White is a journalist at 247 News Reel, where she writes on world news and current events. She is known for her insightful analysis and compelling storytelling. Anna’s articles have been widely read and shared, earning her a reputation as a talented and respected journalist. She delivers in-depth and accurate understanding of the world’s most pressing issues.