8.65% is the average decrease of the Industrial Producer’s prices during July 2020

8.65% is the average decrease of the Industrial Producer’s prices during July 2020

The monthly report issued by the Department of Statistics indicates a decrease in the Industrial price index for July 2020 to reach 108.76 against 119.06 for the same month of 2019 recorded a decrease by 8.65% .This mainly was a result of a decrease in the price Index of the Manufacturing Industries by 8.66 percentage points with a relative importance of 86.0% and the price index of the Quarrying industries by 0.10 percentage points with a relative importance of 8.2%. Meanwhile, there was an increase in the price Index of Electricity by 0.10 percentage points with a relative importance of 5.8%.
The report also indicates an increase in the industrial producer’s price Index for July 2020 to reach 108.76 against 104.12 in June for the same year, with an increase by 4.45%. This has resulted mainly from the increase of the price Index of the Manufacturing Industries by 4.38 percentage points with a relative importance of 86.0%, the price Index of Quarrying industries by 0.07 percentage points with a relative importance of 8.2% and the price Index of Electricity by 0.002 percentage points with a relative importance of 5.8%.

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