According to the National Statistics Office, in August 2021, the producer price index of industrial products increased by 1.2 percent compared to the previous month, while the index increased by 16.4 percent compared to the corresponding month of the previous year.
According to Geostat, compared to July of this year, prices increased by 0.3 percent for the mining and quarrying group, which had an impact of 0.02 percentage points on the change in the total index.
According to them, during the same period, prices increased by 0.9 percent for the group of products of the manufacturing industry, which contributed 0.74 percentage points to the change in the overall index. Among the products included in the group, there is a 4.8 percent increase in prices for basic metals.
"In addition, a 4.1 percent increase in prices was recorded for the group of electricity, gas, steam and air conditioning, which contributed 0.42 percentage points to the change in the total monthly index. During the 12-month period, the formation of the index was mainly influenced by the change in prices for the following products: Mining and quarrying: Prices decreased by 1.1 percent, which was reflected in the change in the overall index by -0.16 percentage points. The group notes a -9.2 percent drop in prices for metal ores.
Manufacturing Products: Prices rose 18.3 per cent, boosting overall index growth by 14.61 percentage points. Prices increased in the following subgroups: food products (16.5 percent), other non-metallic mineral products (11.2 percent) and basic metals (47.3 percent);
Electricity, gas, steam and air conditioning: Prices rose by 10.7 per cent, impacting the annual change in the overall index by 1.12 percentage points;
"Water supply, sewerage, waste management and recycling services: prices rose by 30.1 per cent, impacting the overall index by 0.83 percentage points," Geostat said.