Annual increase in industrial producer prices in 2022

The Index of Industrial Output Prices showed an increase of 22.4% for the period January-December 2022, compared to the corresponding period of 2021, according to data published by the Statistical Services on Tuesday.

For December 2022 the index reached 138.6 units (base 2015=100), recording an increase of 0.3% compared to November 2022. Compared to the corresponding month of the previous year, the index recorded an increase of 18.7%.

In December 2022 compared to November 2022, the index remained stable in the sectors of mining and quarrying and electricity supply, while it showed a rise in the sector of manufacturing by 0.4%. In the sector of water supply and materials recovery the index recorded a decrease of 1%.

Compared to the corresponding month of the previous year, an increase was recorded in all sectors. Electricity supply increased by 40.1%, mining and quarrying by 14.3%, manufacturing by 12.6% and water supply and materials recovery by 4.9%.

By division of economic activity in manufacturing, in December 2022 compared to the corresponding month of the previous year, increases were recorded in all economic activities. The most significant ones were observed in the manufacture of other non-metallic mineral products, which increased by 19.8%, the manufacture of food products and beverages by 14.6%, the manufacture of wood and products of wood and cork, except furniture, by 13.2%, the manufacture of paper and paper products and printing by 12.4%, the manufacture of basic metals and fabricated metal products by 12.4% and the manufacture of rubber and plastic products, which increased by 9.6%.