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Moldova's industrial PPI down 2.8% y/y in Feb

Mar 21, 2024, 11:25:00 AMArticle by Bogdan Todasca
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March 21 (SeeNews) - Moldova's industrial producer prices decreased by 2.8% year-on-year in February, easing further from an annual drop of 0.7% in January, the country's statistical office said.

Moldova's industrial PPI down 2.8% y/y in Feb
Moldova's industrial PPI Source: BNS, pixabay.com

On a monthly comparison basis, the industrial producer price index (PPI) inched down by 0.1% in February, the National Bureau of Statistics, BNS, said in a press release on Wednesday. In January, industrial producer prices inched down by 0.8% month-on-month.

In February, the prices of intermediary and capital goods fell by 0.9% and 0.2% on the month, respectively. On the other hand, the prices of durable and non-durable goods rose by 0.5% and 0.3%, respectively. Energy prices remained unchanged.

Moldova’s February industrial producer prices, percentage change:

Feb '23, y/y Feb '23, m/m
Total -2.8 -0.1
-mining +4.5 -0.3
-manufacturing -2.4 -0.1
-electricity and thermal energy -9.2 0.0

Source: BNS

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