Slovenia’s output price index, also called the producer price index (PPI), increased 2.2% y/y in 2017 as well as in December which was the thirteenth consecutive month with recorded growth, the Slovenian Statistical Office said on January 19. In monthly terms the index inched up 0.2% in the last month of the year.
In 2017, PPI improved further the trend from 2016, when it increased by 0.5% against 2015. This was mainly thanks to the PPI on foreign markets, which increased by 2.6% y/y, while PPI on the domestic market rose by 1.8% y/y in 2017.
Meanwhile, according to the latest statistical office data, the prices of industrial products sold on the markets of the non-euro area countries increased by 3.6% and the prices of industrial products sold on the markets of the euro area countries by 2.3%.
Among the groups of activities showing the dynamics of prices by end-use of products, in 2017 intermediate goods prices increased by 4.0%, consumer goods prices by 1.8% and capital goods prices by 0.1%. On the other hand, energy prices decreased (by 2.3%).
During the year prices went up the most in manufacture of basic metals, by 8.5%. On the other hand, prices decreased the most in water collection, treatment and supply, by 5.9%.
In December alone, the prices of exported products went up by 0.2% against November and the prices of manufactured goods sold on the domestic market by 0.1% m/m.
Prices of industrial products sold inside and outside the eurozone increased (by 0.3% and 0.1%, respectively), the Statistical Office added.
Compared to the previous month, output prices in December, increased the most in manufacture of coke and petroleum products (by 2.5%) and in manufacture of computer and optical products (by 1.0%). On the other hand, prices decreased the most in manufacture of apparel (by 2.2%).