Producer price indices, August 2023

Prices at the monthly level down, the highest decrease in manufacture of basic metals

Compared to July, producer prices decreased by 0.5%. The prices of products for sale on the domestic market went down by 0.7% and on non-domestic markets by 0.2%. Of the latter, the prices of products for sale on the markets of euro area countries decreased by 0.8%, while those of non-euro area countries increased by 1.4%.

Intermediate goods prices fell by 1.3%. Energy prices grew by 0.8%, consumer goods prices by 0.3% and capital goods prices by 0.1%.

Prices decreased the most in manufacture of basic metals (by 4.8%), followed by manufacture of food products (by 1.7%), electricity (by 1.3%) and manufacture of rubber and plastic products (by 1.2%). On the other hand, they increased the most in manufacture of coke and petroleum products (by 13.8%), followed by manufacture of computer and optical products (by 2.0%) and manufacture of furniture (by 1.9%). 

At the annual level up, the highest increase in manufacture of wearing apparel

Producer prices went up by 2.1% in a year. The prices of products for sale on the domestic market increased by 3.9% and on non-domestic markets by 0.3%. Of the latter, the prices of products for sale on the markets of non-euro area countries went up by 3.1% and of euro area countries down by 1.0%.

Energy prices went up by 7.4%, consumer goods prices by 6.8% and capital goods prices by 4.4%, while intermediate goods prices went down by 1.8%. 

Prices went up the most in manufacture of wearing apparel (by 20.2%), followed by manufacture of beverages (by 16.7%), mining and quarrying (by 10.8%) and electricity (by 10.0%). They dropped the most in manufacture of basic metals (by 16.6%), followed by manufacture of paper and paper products (by 4.4%), manufacture of wood, products of wood and cork (by 2.4%) and manufacture of leather and leather products (by 2.4%). 

Tables with the latest data are available in the SiStat Database.