September 17 (SeeNews) - Macedonia's producer price index (PPI) for the industrial sector rose 0.8% month-on-month in August, after going up by a monthly 0.5% in July, the State Statistical Office said on Monday.
August's PPI was 1.2% higher than a year earlier. In July it was unchanged on a yearly basis.
Cumulative PPI through August rose 0.8%. Macedonia's PPI rose by 4.5% in 2006 after increasing by 3.2% in 2005.
MACEDONIA PRODUCER PRICES (pct change):
|
|
August |
July |
June |
| m/m |
+0.8 |
+0.5 |
+1.1 |
| y/y |
+1.2 |
0.0 |
+1.0 |
BREAKDOWN BY SECTOR (M/M PCT CHANGE)
|
|
August’07 |
July'07 |
August’06 |
| - manufacturing |
+0.9 |
+0.5 |
0.0 |
| - mining |
0.0 |
-0.1 |
+0.4 |
| - utilities |
+0.5 |
+0.9 |
-3.1 |
NOTE: Economists see changes in producer prices as a key indicator of trends in consumer price inflation. Macedonia's monthly consumer price inflation rose by 0.6% in August after decreasing by 0.3% in July.