The increase was chiefly fuelled by a 7.27% growth in intermediate goods, 0.87% boost in consumer goods and 0.24% rise in capital goods, as compared to the same month a year earlier. The energy sector, however, saw no price changes, according to NSO figures.

The price changes in the domestic sector were due to increases in intermediate goods (3.12%) and consumer goods (0.35%). The energy and capital goods sectors saw no price changes.

A year-on-year rise of 6.15% within the non-euro area and 1.96% within the euro area were the main drivers for the increase in the non-domestic prices.

The producer price index for total industry, however, only registered a slight decrease of 0.23% as compared to the preceding month. A price drop of 0.47% within intermediate goods — accompanied by no price changes in the energy, capital and consumer goods sectors — were the factors chiefly contributing to the slowing month-on-month rate.

Prices within the domestic market rose by 0.14%, due to a rise of 0.64% in the intermediate goods sector, while non-domestic prices declined by 0.46%, as compared to January.

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

The post Malta’s industrial producer prices rise y.o.y. 3.1% in February first appeared on The Malta Business Weekly.