ELSTAT: 43% annual increase in producer prices in May

The general Producer Price Index in Industry in May 2022 showed a 43.0% increase in May, compared to the corresponding index in May 2021, as ELSTAT announced today.

In the corresponding comparison of the indicators of the year 2021 with 2020, there was an increase of 13.7%.

The General Index during the month of May 2022, compared to the index of April 2022, showed a decrease of 2.9% against an increase of 1.0% noted during the corresponding comparison of the indices of the year 2021.

The average General Index of the twelve months June 2021 – May 2022, compared to the average General Index of the twelve months June 2020 – May 2021, showed an increase of 28.7% against a decrease of 2.3% noted during the corresponding comparison of the previous twelve months.

Analysis of annual changes

The increase of the General Producer Price Index by 43.0%, in the month of May 2022, compared to the corresponding index of May 2021, is due to the changes in the indices of the individual markets, namely:

a. In increase in the Foreign Market Producer Price Index by 53.6%

In particular, this increase was mainly contributed by the changes in the indices of the two-digit branches of the NACE Rev. classification. 2, as follows:

ELSTAT: 43% annual increase in producer prices in May

b. In increase in the Domestic Market Producer Price Index by 39.6%

In particular, this increase was mainly contributed by the changes in the indices of the two-digit branches of the NACE Rev. classification. 2, as follows:

Capture2

Analysis of monthly changes

The decrease of the General Producer Price Index by 2.9%, in the month of May 2022, compared to the corresponding index of April 2022, is due to the changes in the indices of the individual markets, namely:

a. At decrease in the Domestic Market Producer Price Index by 5.2%.

In particular, the changes in the indices of the two-digit branches of the NACE Rev. classification mainly contributed to this decrease. 2, as follows:

Capture1

b. In increase in the Foreign Market Producer Price Index by 4.1%.

In particular, this increase was mainly contributed by the changes in the indices of the two-digit branches of the NACE Rev. classification. 2, as follows:

Capture2

Source: Capital

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