Industrial prices up 1.15% in April

(source: Unsplash/Ant Rozetsky)

Malta’s industrial producer prices were up by 1.15% during April 2019, compared to the same month of 2018, according to a report by the National Statistics Office (NSO).

Growing producer prices were supported by a rise of 1.83% in intermediate goods, 1.45% in consumer goods and 0.06% in capital goods.

On the one hand, industrial producer prices for the domestic market increased by 1.05%, fuelled by growth in the intermediate and consumer goods of 3.38% and 0.93%, respectively.

On the other hand, prices for the non-domestic market increased by 1.24%, due to a rise of 1.75% within the non-euro area and 0.27% within the euro area.

The producer price index for total industry registered a drop of 0.57% in April 2019 over the previous month, as the press release says. This was due to a price decrease of 1.44% in intermediate goods and a rise of 0.05% in the consumer goods sectors.

In this case, prices within the domestic market rose by 0.10%, due to a rise of 0.44% in the intermediate goods sector.

Non-domestic prices decreased by 1.01%, as a result of a decline of 1.28% within the non-euro area and 0.47% in the euro area.