Home Economy Growth in producer prices by 16.5% in industry

Growth in producer prices by 16.5% in industry

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Growth in producer prices by 16.5% in industry

With the lowest annual growth recorded in 2022, it closed in December. producer price index in industry, the development is due both to the fact that already in December 2021, producer prices in the industry recorded a significant increase, and to the fact that a slight slowdown is recorded in the last months of 2022. According to her Hellenic Statistical Office (ELSTAT)industrial producer price index up 16.5% in December 2022 compared to December 2021 Average overall index for the twelve months from January 2022 to December 2022 compared to average overall index for the twelve months from January 2021 to December 2021 showed an increase of 35.1%.

However, the de-escalation is evidenced by the fact that in December 2022, the industrial producer price index decreased by 2.4% compared to November, and in November the said index also fell by 5.8% compared to October 2022. monthly, a much larger decrease in the producer price index for the external market (7.7%) is recorded compared to the corresponding index for the domestic market (0.7%), which may indicate the desire of industries not to lose customers abroad, choosing at the same time time to keep high prices in the domestic market.

However, on an annualized basis, the producer price index in the foreign market increased by 19.5%, and in the domestic market – by 15.6%.

Author: newsroom

Source: Kathimerini

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