Macedonia agricultural output price index up 7.5% y/y in January 2012.

By bne IntelliNews February 16, 2012
The total output price index in agriculture rose by 7.5% on the year in January, accelerating from an annual 7.2% increase in December 2011, according to data of the statistics office. The pro-inflationary trend has persisted for four months now. The acceleration in January was driven by livestock production prices, which grew 11.1% y/y, speeding up from 8% y/y in December. Crop production prices rose by 6.7% on the year in January, slowing down from 7% in the previous month. The annual growth of the price index for inputs used in agriculture decelerated from 4.2% in December to 3.4% last month. The deceleration reflects slower annual growth of the subindex for goods currently consumed in the sector, which rose by 3.4% in January, after increasing by 4.2% in the previous month. The price index for investment in agriculture rose by 4.5% y/y, speeding up from 3.9% y/y in December.

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