Malta’s industrial producer prices up 1.2% in May

(source: Unsplash/Charlize Birdsinger)

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Malta’s industrial producer price index went up by 1.2% in May 2019 compared to the same month of 2018, according to a National Statistic Office (NSO) press release. 

Focusing on the whole year, this growth was due to a rise of 2.06% in intermediate goods, 1.3% in consumer goods and 0.06% in capital goods.

Furthermore, industrial producer prices for the domestic market increased by 0.80%. Price rises were recorded within intermediate goods (1.87%) and consumer goods (1.17%). 

Non-domestic prices increased by 1.48% due to a rise of 2.03% within the non-euro area and 0.44% within the euro area, as the NSO press release says.  

Focusing on May 2019, the producer price index for total industry registered an increase of 0.38% over April. 

This was due to a price rise of 1.02% within intermediate goods but mitigated by a drop of 0.13% in the consumer goods sector.

On the one hand, domestic prices rose by 0.02% due to a rise of 0.07% in the consumer goods sector.

On the other hand, non-domestic prices rose by 0.61% due to an increase of 0.76% within the non-euro area and 0.31% within the euro area. 

The full report including charts and visual representation of data is available for download at the website of NSO.