7.5% the average increase of Industrial Producer’s prices during 2018 compared with the same period of 2017

7.5% the average increase of Industrial Producer’s prices during 2018 compared with the same period of 2017

The monthly report issued by the Department of Statistics indicates an increase in the General Industrial price index for 2018 to reach 121.26 against 112.77 for 2017 recorded a growth by 7.5%. This mainly was a result of an increase in the production quantities of the manufacturing Industries by 6.56 percentage points with a relative importance of 86.0% and the quantities of quarrying production by 1.17 percentage points with a relative importance of 8.2% .Meanwhile, there was a decrease in the quantities of electricity production by 0.21 percentage points with a relative importance of 5.8%.
The report also indicates an increase in the industrial price index of the industrial production for Dec 2018 to reach 121.43 against 116.26 compared with the same month (Dec) of 2017 recording an increase by 4.5%. This has resulted mainly from an increase in the manufacturing Industries prices by 3.20 percentage points with a relative importance of 86.0% and the quarrying prices by 1.73 percentage points with a relative importance of 8.2%. Meanwhile, there was a decrease in the electricity prices by 0.47 percentage points with a relative importance of 5.8%.
On monthly level the report indicates a decrease in the industrial prices index for Dec 2018 to reach 121.43 against 125.15 for Nov 2018 by 3.0%; this mainly was a result of a decrease in the manufacturing Industries by 2.89 percentage points , the price index of quarrying industries by 0.04 percentage points and the electricity prices by 0.04 percentage points
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