Montenegro export prices in industry down 7.1% y/y in Jan-Aug.

By bne IntelliNews September 26, 2012
Export prices of industrial products fell by 7.1% y/y in August, due to lower prices of basic metals, metal ores and food products, in particular, statistics office data showed. Prices of energy and capital goods for export stayed the same as a year earlier. Prices of intermediate goods (excluding energy) dropped by 9.2% y/y while the prices of non-durable consumer goods rose by 7.7% y/y. In Jan-Aug, the cumulative price decline of exported industrial products reached 6.9% y/y. The prices of industrial products imported in Montenegro increased by 2.3% y/y in August, mainly due to more expensive other machinery and equipment, coke and refined petroleum products and other non-metal mineral products. In Jan-Aug, the prices of imported industrial products rose by 1.7% y/y.

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