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Bulgaria's industrial PPI up 38% y/y in May - table

Bulgaria's industrial PPI up 38% y/y in May - table VMRO-DPMNE/All Rights Reserved.

SOFIA (Bulgaria), June 30 (SeeNews) - Bulgaria's industrial producer price index (PPI) increased by 38.2% year-on-year in May, after rising 40.2% in April, mainly due to a jump in the prices of utilities, the statistical office said on Thursday.

The growth in producer prices in May came on the back of an 83.8% annual rise in the prices of electricity, gas, steam and air conditioning supply, the National Statistical Institute (NSI) said in a monthly statement.

On the domestic market, industrial PPI climbed by an annual 47.7% in the fifth month of 2022, while on the non-domestic market it rose by 24% .

The PPI index edged up by 0.4% on a monthly comparison basis in May. At the same time, prices went down in electricity, gas, steam and air conditioning supply by 4.0% month-on-month. Chemicals and chemical products manufacturing was costlier by 4.9% while prices in food products manufacturing increased by 3.2% on the month.

Industrial PPI on the domestic market inched down 0.1% on a monthly comparison basis in May, while on the non-domestic market the index added 1.3%.

Bulgarian producer prices, breakdown by industry (pct change):

May y/y May m/m April y/y April m/m
Industrial PPI, total 38.2 0.4 40.2 3.3
-manufacturing 25.9 2.6 24.9 2.3
- mining 11.3 0.2 22.2 6.4
- utilities 83.8 -4.0 93.7 5.2

source: NSI

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