Albania’s producer price inflation speeds up to 0.2% y/y in Q1 2013.

By bne IntelliNews June 10, 2013

Albania’s producer prices picked up by 0.2% y/y in the first quarter of 2013, slightly faster than the 0.1% y/y rise in the previous quarter, the state statistics institute, INSTAT, informed.

Producer prices in the mining sector increased by 1.5% y/y, which was due to a 4.6% y/y rise in the mining of metal ores. Electricity prices picked up 0.1% y/y. Prices in the manufacturing sector, which has the greatest weight of 68.2% in the overall index (PPI), witnessed a 0.1% y/y growth. Within the category, prices of food products, beverages and tobacco advanced by 1.2% y/y.

PPI in the coke, refined petroleum products and nuclear fuel manufacturing registered a marginal 0.1% y/y rise in the period.

On the other hand, prices in other non - metallic mineral products as well as basic metals and fabricated metal products, which also has a relatively large weight in the index, witnessed declines of 1.4% and 1.3%, respectively in Q1 2013.

Producer Price Index, % change           
   Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q1/13
   y/y y/y y/y y/y y/y q/q
Total  2.5 1.5 0.5 0.1 0.2 -1.2
Mining and quarrying  0.7 0.8 -1.1 0.6 1.5 0.4
Manufacturing  3.8 2.0 0.9 -0.1 0.1 -1.7
Electricity, gas and water supply  0.2 0.1 0.4 0.4 0.1 0.4
Source: INSTAT             
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