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September 28, 2020
BUSINESS

Prices of industrial production, up 0.2pct in May from April

Industrial production prices per total domestic and foreign market increased by 0.2pct in May from April, but decreased by 2.4pct compared to the same month of last year, the National Statistics Institute (INS) informed  on Thursday in a release.

The highest rise in May, compared to the previous month, was recorded by industrial production prices on foreign markets, by 0.5pct respectively, while on the domestic market these advanced by 0.1pct.

However, the prices on foreign markets went down the most in May compared to the same month of last year, by 2.9pct, while the prices on the domestic market shrank less year-on-year, by 2.2pct.

According to the INS, by main industrial groups, the most significant price rises in May, compared to the previous month, were recorded in the energy industry by 0.6pct, while the prices of capital goods industry durable goods industry recorded decreases of 0.1pct.

In terms of the year-on-year trend, energy industry prices went down the most, by 7.7pct, while durable goods industry prices, rose the most, by 1.8pct in May, according to the INS data.

 

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