4.3% the average increase of Industrial producers’ prices for September 2017

4.3% the average increase of Industrial producers’ prices for September 2017

The monthly report issued by the Department of Statistics indicates an increase in the General Industrial Price Index for Sept 2017 to reach 112.69 against 108.0 for the same month in 2016, thus increasing by 4.3% as compared with same month 2016. This mainly was a result of an increase in the manufacturing industries prices by 5.3% with a relative importance of 86.0%, this sector had contributed to the increase of the price index by 4.51 percentage points. Meanwhile, there was a decrease in the quarrying industries by 1.6% with a relative importance of 8.2% representing a decrease of 0.12 percentage points, and the electricity prices by 2.0% with a relative importance of 5.8% representing a decrease of 0.10 percentage points.

On the monthly level, the report indicates an increase in the General Industrial Prices Index for Sept 2017 to reach 112.69 against 111.58 for Aug of the same year to grow by 1.0%. This has resulted mainly from an increase in the manufacturing industries prices by 1.3% with a relative importance of 86.0% representing an increase of 1.14 percentage points, and the electricity prices by 0.1% with a relative importance of 5.8%, representing an increase of 0.01 percentage points. Meanwhile, there was a decrease in the quarrying industries by 2.0%, with a relative importance of 8.2% representing a decrease of 0.16 percentage points.

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