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Bulgaria's Producer Price Index Up 6.9% in Oct 2012 Y/Y

Business | November 30, 2012, Friday // 13:19| Views: 794 | Comments: 0
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Bulgaria's Producer Price Index Up 6.9% in Oct 2012 Y/Y: Bulgaria's Producer Price Index Up 6.9% in Oct 2012 Y/Y In October 2012, 2012, the Total Producer Price Index in Industry in Bulgaria increased by 0.2%, compared to the previous month. File photo

The Producer Price Index on Domestic Market in Bulgaria in October 2012 increased by 0.2%, compared to the previous month.

The data was released Friday by the National Statistics Institute, NSI.

The domestic prices rose by 2.3% in the mining and quarrying industry and by 0.2% in manufacturing, while the prices went down in the electricity, gas, steam and air conditioning supply by 0.1%.

In manufacturing, more significant prices increases, compared to the previous month, were seen in the manufacturing of basic metals - by 1.6%, in the manufacturing of computer, electronic and optical products - by 1.5% and in the manufacturing of leather and related products- by 1.3%.

The Producer Price Index on Domestic Market in October 2012 grew by 6.9%, compared to the same month of 2011. Domestic prices increased in by 7.2% in the mining and quarrying industry; by 6.1% in the manufacturing, and by 8.8% in the electricity, gas, steam and air conditioning supply.

In manufacturing, compared to October 2011, price increase was registered in the manufacturing of tobacco products - by 8.0%, in the manufacturing of food products - by 7.3%, in the manufacturing of textiles - by 6.7%, in the manufacturing of computer, electronic and optical products - by 5.6% and in the manufacturing of leather and related products - by 5.4%. Price reductions were seen in the manufacturing of other non-metallic mineral products- by 1.6% and in the repair and installation of machinery and equipment - by 0.7%.

The Total Producer Price Index in Industry in October 2012 decreased by 0.2%, compared to the previous month. Lower prices were registered in manufacturing - by 0.4% and in the electricity, gas, steam and air conditioning supply - by 0.2%, while in the mining and quarrying industry the prices went up by 2.0%.

In manufacturing, more significant prices decreases were registered in the manufacture of basic metals - by 1.5%, in the manufacture of textiles and in the manufacture of leather and related products - by 0.7%.

The Total Producer Price Index in October 2012 grew by 6.8%, compared to the same month of 2011.

In manufacturing, prices rose by 6.5%, compared to October 2011. More significant price increases were seen in the manufacturing of textiles - by 10.6%, in the manufacturing of food products - by 6.9%, in the manufacturing of tobacco products - by 6.1%, while producer prices went down in the manufacturing of other non-metallic mineral products - by 1.0% and in the repair and installation of machinery and equipment - by 0.6%.

Producer Price Indices measure the average change in the prices of industrial products, which are produced and sold by Bulgarian enterprises. They can be considered as an early measure of the current inflation process in the economy and also they can be used for international comparisons. Information for calculation of Producer Price Indices is received on the bases of monthly surveys on producer prices of industrial products, sold on domestic market and on industrial products sold on nondomestic market. Producer price surveys are based on constant sample of groups of products, and that sample is representative for total industrial production

The Total Producer Price Index is calculated from Producer Price Index on Domestic Market and Producer Price Index on Nondomestic Market weighted with the turnover structure on domestic and on non-domestic market to the total value of turnover in the base year 2005.

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