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Romania's industrial PPI down 3.4% y/y in Dec

Feb 2, 2024, 11:05:08 AMArticle by Razvan Timpescu
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February 2 (SeeNews) - Romania’s industrial producer prices decreased by 3.4% year-on-year in December 2023, mainly due to a drop in mining and utilities, the statistical office, INS, said on Friday.

Romania's industrial PPI down 3.4% y/y in Dec
Romania's industrial PPI as of December 2023 Source: INS

On a monthly comparison basis, industrial producer prices edged down by 0.6% in December, INS said, quoting provisional figures.

On the domestic market, industrial producer prices decreased by 4.97% year-on-year in December, while on the external market prices edged up by an annual 0.72%.

Energy prices fell 9.83% on the year in December, while the prices of intermediate goods decreased by 4.59%. Capital goods saw a 4.81% annual increase, while the prices of durable and non-durable consumer goods increased by 3.4% and 5.89%, respectively.

Romania’s December industrial producer prices (provisional data, pct change):

Dec y/y Nov y/y Dec m/m Nov m/m
Total -3.39 -2.55 -0.61 +0.24
-mining -15.72 -18.82 -0.97 +1.42
-manufacturing -0.22 -1.05 -0.56 -0.05
-utilities -8.53 -4.1 -0.75 +1.57
-water and waste management +17.5 +18.17 +0.75 0.00%

Source: INS

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