Explosively increased year-on-year producer prices in industry and in July mainly due to high energy prices, although at month-on-month level they showed a slight downward trend.
In particular, as announced by ELSTAT, the General Producer Price Index in Industry (total domestic and foreign market), with base year 2015=100.0 and reference month July 2022, compared to the corresponding index of July 2021, presented 35.6% increase against an increase of 13.0% noted during the corresponding comparison of the indicators of the year 2021 with 2020.
The General Index during the month of July 2022, compared to the index of June 2022, presented decrease 2.0% against an increase of 1.1% noted during the corresponding comparison of the indicators of the year 2021.
The average General Index of the twelve months August 2021 – July 2022, compared to the average General Index of the twelve months August 2020 – July 2021, presented 32.8% increase compared to an increase of 1.1% recorded during the corresponding comparison of the previous twelve months.
To the greatest extent, the increase in prices is due to the increase in the cost of production of coke and refined petroleum products, which was measured at +94.4% in the external market and at +88.8% in the internal market, where the supply of electricity, natural gas, steam and air conditioning was also increased by 45.9%.
In contrast, the 11.5% and 10.6% drop in the production of coke and refined petroleum products, in the foreign and domestic markets, led to a 2% decrease on a monthly basis.
Source: Capital
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