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Bulgaria's Producer Price Index Down 2.9% Dec 2013 Y/Y

Business » INDUSTRY | January 30, 2014, Thursday // 13:55| Views: 1404 | Comments: 0
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Bulgaria: Bulgaria's Producer Price Index Down 2.9% Dec 2013 Y/Y Bulgaria's National Statistics released Thursday latest data on producer price indices.

The Producer Price Index on Domestic Market in Bulgaria in December 2013 remained at the level of the previous month.

Domestic prices fell in the mining and quarrying industry by 1.4%, while in the manufacturing and in the electricity, gas, steam and air conditioning supply the prices did not change.

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

In manufacturing, compared to the previous month the prices went up in the manufacture of basic pharmaceutical products and pharmaceutical preparations - by 0.8% and in the manufacture of tobacco products - by 0.7%, while a price decrease was reported in the repair and installation of machinery and equipment - by 0.5% and in the manufacture of fabricated metal products, except machinery and equipment - by 0.4%.

The Producer Price Index on Domestic Market in December 2013 decreased by 2.8% compared to the same month of 2012.

Domestic prices fell in the mining and quarrying industry - by 12.1%, in the manufacturing - by 0.8% and in the electricity, gas, steam and air conditioning supply - by 5.2%.

In manufacturing, compared to December 2012, a price decrease was registered in the manufacture of basic metals - by 6.0%, in the manufacture of chemicals and chemical products - by 5.6% and in the manufacture of food products - by 4.2%.

Prices increases were noted in the manufacture of leather and related products - by 8.0%, in the manufacture of tobacco products - by 4.2%, in the manufacture of clothing apparel and in the manufacture of basic pharmaceutical products and pharmaceutical preparations - by 2.5%.

The Total Producer Price Index in Industry in December 2013 decreased by 0.2% compared to the previous month.

Lower prices were registered in the mining and quarrying industry - by 3.2% and in manufacturing - by 0.1%, while prices in electricity, gas, steam and air conditioning supply remained at the level of the previous month.

In manufacturing, more significant prices decreases were seen in the manufacture of basic metals – by 1.6%, in the manufacture of leather and related products - by 1.2%, in the manufacture of clothing apparel and in the repair and installation of machinery and equipment by 0.5%.

Total Producer Price Index in December 2013 decreased by 2.9% comparing to the same month of 2012.

In manufacturing, prices declined by 1.3%, compared to December 2012. More significant prices decreases were noted in the manufacture of basic metals - by 10.0%, in the manufacture of food products - by 3.8% and in the manufacture of motor vehicles, trailers and semi-trailers - by 2.6%.

Producer prices rose in the manufacture of fabricated metal products, except machinery and equipment - by 2.1%, in the manufacture of clothing apparel - by 2.0% and in the manufacture of tobacco products by - 1.8%.

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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