8.9% the average increase of Industrial Producer’s prices during January 2018

8.9% the average increase of Industrial Producer’s prices during January 2018

The monthly report issued by the Department of Statistics indicates an increase in the General Industrial price index for January 2018 to reach 122.10 against 112.11 for the same month of 2017 recorded a growth by 8.9% compared with the same month of 2017. This mainly was a result of an increase in the production quantities of the manufacturing Industries by 10.0% with a relative importance of 86.0%, this sector had contributed by 8.67 percentage points, the quantities of quarrying production by 5.2% with a relative importance of 8.2% representing an increase of 0.29 percentage points. Meanwhile, there was a decrease in the quantities of electricity production by 1.4% with a relative importance of 5.8% representing a decrease of 0.05 percentage points.
On the monthly level, the report indicates an increase in the industrial price index of the industrial production for January 2018 to reach 122.10 against 116.26 compared with the previous month (Dec) of 2017 leading an increase by 5.0%. This has resulted mainly from an increase in the manufacturing Industries prices by 5.5% with a relative importance of 86.0% representing an increase of 4.84 percentage points and quarrying industries prices by 4.8% with a relative importance of 8.2% representing a growth by 0.20 percentage points. Meanwhile, there was a decrease in the electricity prices by 0.8% with a relative importance of 5.8% representing a decrease of 0.02 percentage points.
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