2.9% the average an increase of Industrial producers’ prices for Aug 2017

2.9% the average an increase of Industrial producers’ prices for Aug 2017

The monthly report issued by the Department of Statistics indicates an increase in the General Industrial Price Index for Aug 2017 to 111.6 against 108.4 for the same month of 2016 by 2.9% compared with the same month of 2016 while it was (8.9) for the same month of 2016. This mainly was a result of an increase in the manufacturing industries prices by 3.4% with a relative importance of 86.0% representing 2.8 percentage points, and the quarrying industries by 1.3% with a relative importance of 8.2% representing 0.09 percentage points Meanwhile, there was a decrease in the electricity prices by 1.4% with a relative importance of 5.8% representing 0.16 percentage points.

On the monthly level, the report indicates an increase in the General Industrial Prices Index for Aug 2017 to 111.6 against 110.6% compared with the previous month (July) 2017 leading an increase in the General Industrial Prices Index by 0.9% . This has resulted mainly from an increase in the manufacturing industries prices by 0.7% with a relative importance of 86.0% representing 0.6 percentage points and quarrying industries prices by 3.5% with a relative importance of 8.2% representing 0.2 percentage points. Meanwhile, there was a decrease in the electricity prices by 0.4%. with a relative importance of 5.8% representing 0.05 percentage points .

Comparing the Industrial Prices Index for the first eight months of 2017 there was an increase to 111.8 against 108.7for the same period of 2016 by 2.9% while it was (9.9) for the same period; this mainly was a result of an increase in the manufacturing industries prices by 5.4% with a relative importance of  86.0% representing 0.01percentage points. Meanwhile, there was a decrease in the Quarrying Industries Prices by 17.5% with a relative importance of 8.2% representing 0.02 percentage points and the electricity prices by 3.0% with a relative importance of 5.8% representing a decrease 0.1 percentage points.

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