The consumer prices paid by population increased by 0.23 pc in May compared to the previous month and the annual rate of inflation advanced to 5.32 pc, according to data announced Tuesday by the National Statistics Institute (INS). “Compared to the previous month, in May 2013 the prices of food products went up 0.8 pc, while the prices of nonfood goods diminished by 0.1 pc and those of services remained relatively stable,” INS informs. In the food goods category, the most abrupt increase was reported for potatoes and fresh fruits, by 21.4 pc and 11.4 pc respectively, against December 2012. Since the beginning of the year, food prices soared by 2.26 pc. Compared to last December, potatoes suffered the highest price increase, by 40.71 pc, while fresh fruits became 19.40 pc more expensive. The most significant price drops were reported for eggs, which were 12.33 pc cheaper in May than in April and 35.4 pc than at the beginning of the year. The prices of nonfood goods diminished by 0.1 pc last month. In this chapter, price increases were reported for clothes and footwear (+0.16 pc respectively +0.15 pc), household products and furniture (+0.12 pc), while decreases were registered by fuels (-1 pc), automobiles and parts (-0.17 pc), telephone (0.9 pc).
Since the beginning of the year, the most significant price hikes were for tobacco and cigarettes (7.24 pc), electricity, gas and central heating (5.62 pc). Prices went down for air transport (3.36 pc) and telephone (3.37 pc). For the last 12 months, the average increase of prices per total (June 2012 – May 2013), compared to the previous 12 months (June 2011 – May 2012), calculated using the Consumer Price Index (IPC) is 4.7 pc and that determined using the harmonised index of consumer prices (IAPC) is 4.3 pc.
The National Commission of Prognosis (CNP) estimates for this year an average annual rate of inflation at 4.3 pc and an increase of consumer prices at year-end of 3.5 pc, according to the medium-term spring Prognosis 2013-2016.
INS data also reveal that the turnover of market services provided mainly to enterprises advanced, during the first four months of 2013, by 9.4 pc in unadjusted series and by 8.7 pc in series adjusted with the number of working days, compared to the similar interval of last year. During January 1st – April 30 this year, the 9.4 pc increase of the turnover generated by the market services provided to companies, in unadjusted series, was mainly driven by the positive results in IT services (+18.7 pc), in other services provided mainly to enterprises (+11.4 pc), in transports (+10.4 pc) and communications (+0.1 pc). At the opposite end ranged the cinema production, video, TV shows; broadcasting programmes, with a decrease of 0.2 pc.
In the first four months of the year, compared to the similar interval of 2012, the turnover of market services provided mainly to companies, as series adjusted with the number of working days and seasonal factors, increased by 8.7 pc as a whole. The turnover of market services provided mainly to companies, as series adjusted with the number of working days and seasonal factors, advanced by6.9 pc in April 2013 year-on-year.
Industrial output up 4 pc in April
According to INS data, the industrial output advanced in April compared to the previous month both in unadjusted series and in series adjusted with the number of working days and seasonal factors, by 4.0 pc and 1.9 pc respectively. The industrial output (unadjusted series) was driven by the increase of the processing industry (+5.9 pc) and extractive industry (+4.9 pc). The production and supply of electricity, thermal energy, gas, hot water and air conditioned declined by 12.6 pc. Based on major industry categories, increases were registered by intermediary goods (+7.2 pc), capital goods (+5.7 pc), durables (+5.1 pc) and consumer goods (+4.0 pc). The energy industry dropped by 7.5 pc.