Malta’s industrial prices up yoy 3.64% in January

(source: Unsplash/Aaron Barnaby)

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Malta’s industrial producer price index grew by year-on-year 3.64% in January 2019, chiefly fuelled by rises in intermediate goods, consumer goods and capital goods, latest figures issued by the National Statistics Office (NSO) show. The figure slightly dropped when compared to December 2018.

A rise of 8.41% was recorded in intermediate goods in January, as compared to the same month a year earlier. Further slight increases were also seen in consumer goods (0.96%) and capital goods (0.19%). No price changes were registered within the energy sector, however.

Industrial producer prices for the domestic market saw a year-on-year increase of 0.52%. Price increases were recorded within intermediate goods (2.35%), consumer goods (1.54%) and capital goods (0.57%), the NSO figures show.

Non-domestic prices were up by 5.61% due to a rise of 7.13% within the non-euro area and 2.55% within the euro area, the NSO says.

Despite the annual rise, the producer price index for total industry registered a decrease of 0.07% over the previous month; December 2018. The figure was dragged down by a price drop of 0.18% within intermediate goods, supported by unchanged prices within the energy, capital and consumer goods sectors, NSO figures show. Prices within the domestic market remained constant, and non-domestic prices declined by 0.12%, the NSO adds.

The full report including charts and visual representation of data is available for download at the website of NSO.

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