Macedonia PPI up 8.7% y/y in March.

By bne IntelliNews April 12, 2010
The producer price index (PPI) in Macedonia grew by 8.7% y/y in March, in line with the upward trend over the previous four months after a year-long decrease of industrial prices, the statistics office said. According to the main industrial groups breakdown, the PPI growth resulted from the massive price hike in energy (28.6% y/y), complemented by 0.1% y/y price hike in capital goods. All other sectors registered deflation: durable consumer goods (down 4% y/y), intermediate goods (down 2% y/y), non-durable goods (down 0.1% y/y) and capital goods (down 0.1% y/y). The revival of the industry prices in the sector classification could be seen in the 10.9% in utility supply, 8.3% in manufacturing and1.9% y/y price hike in mining. On a monthly basis, industrial prices went up by 1% m/m, similar the 1.3% n/n PPI inflation in February. The inflation in energy (3.2% m/m) and non-durable consumer goods (0.1% m/m) as well as the flat prices in capital goods and durable consumer goods made up for the 0.8% drop in intermediate goods prices. Utility supply prices went up by 7.6% m/m and the prices in the processing sector increased 1.3% m/m and of mining by 2.6%, while those of utilities narrowed by 0.2%.

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