Economy
Posted: 5 months ago

Production Price Index Grows by 5.7%

In April 2019 the production price index of in industrial sector rose by 0.2% month on month and by 5.7% year on year. 

Production prices rose by 0.5% in processing industry and its contribution to the general index correction made up 0.38%. 

As to the products of the mentioned group, production prices increased on main metals and finished metal products (+1.2%), as well as on cellulose, paper and paper products (+2.3%). 

In the 12-month period, price corrections on the following products made effect on the index formation: 

Processing industry products: prices rose by 6.7% and the effect constituted 5.28% on total index. 

Production prices increased in the category of food products, drinks and tobacco (7%), main metals and metal products (4.9%), cellulose, paper and paper products (16.6%); Production prices in the mining sector rose by 4.2% with 0.28% contribution to the general index changes. 

As to the sector of electricity, gas, steam and hot water, production prices increased by 0.9% and the sector’s contribution to the general index correction made up 0.14%.