Serbia PPI inflation accelerates to 9% y/y in September.

By bne IntelliNews October 9, 2012
Growth of industrial producer prices accelerated to 9.3% y/y in September after climbing 8% y/y in August, statistics office data shows. In monthly terms the producer price index rose by 1.1% in September vs 1.8% m/m in August. Higher year-on-year PPI inflation in September was due to rising prices of durable consumer goods (up 11.1%) and intermediate goods except energy (up 13.6% y/y). In September, producer prices in the manufacturing industry rose 10.6% while energy prices climbed 9% y/y. In Jan-Sept, industrial producer prices increased 6.3% y/y driven by higher prices in the energy (up 10.6% y/y) and mining and quarrying sectors (11.8% y/y). Acceleration of producer prices growth since the second quarter has been mirrored by consumer prices. The National bank of Serbia (NBS) expects y/y consumer inflation to continue reflecting to rising agricultural production price (attributable to bad agricultural season), the expected administrated prices growth and rising prices of import products. Latest data of the statistics office show that August CPI was above the NBS targeted range for the month (4.2%,+/-1.5%). Data for September are to be published this week.
Industrial producer' prices,y/y,% Avg'12 Sept'12 Jan-Sept'12
Total 8.0 9.3 6.3
Energy 8.5 9.0 10.6
Intermediate goods except energy 11.1 13.6 6.1
Capital goods 4.7 5.2 3.0
Durable consumer goods 10.8 11.1 6.7
Non durable consumer goods 5.3 6.3 4.1
Mining and quarrying 11.0 9.8 11.8
Manufacturing 8.9 10.6 6.1
Electricity, gas, steam and air conditioning supply 1.1 1.1 5.0
Water supply, sewerage, waste management and remediation activities 1.6 1.6 2.8
Source: Statistical office

Serbia PPI inflation accelerates to 9% y/y in September.

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