November 13 (SeeNews) - Macedonia's October producer price index (PPI) for the industrial sector rose 0.4% month-on-month, after going down by a monthly 0.3% in September, the State Statistical Office said on Tuesday.
October's PPI was 3.3% higher than a year earlier. In September it was 2.0% higher on a yearly basis.
Cumulative PPI for the first ten months of the year was 1.2% higher than it was at the end of 2006. Macedonia's PPI rose by 4.5% in 2006 after increasing by 3.2% in 2005.
MACEDONIA PRODUCER PRICES (pct change):
|
|
October'07 |
September'07 |
August'07 |
| m/m |
+0.4 |
-0.3 |
+0.8 |
| y/y |
+3.3 |
+2.0 |
+1.2 |
BREAKDOWN BY SECTOR (M/M PCT CHANGE)
|
|
October'07 |
September'07 |
October'06 |
| -manufacturing |
+0.2 |
0.0 |
-2.2 |
| -mining |
-1.0 |
+0.1 |
+0.3 |
| -utilities |
+2.3 |
-2.6 |
+10.7 |
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 0.5% in October after increasing by 0.9% in September.