Malta’s industrial producer prices rise y.o.y. 3.1% in February

(source: Pexels/Anamul Rezwan)

Malta’s industrial producer price (IPP) index grew by a year-on-year 3.10%, according to a press statement by the Maltese National Statistics Office (NSO). IPPs for the domestic market increased by a year-on-year 0.79%, and for the non-domestic boosted by 4.7%.

The increase was chiefly fuelled by a 7.27% growth in intermediate goods, 0.87% boost in consumer goods and 0.24% rise in capital goods, as compared to the same month a year earlier. The energy sector, however, saw no price changes, according to NSO figures.

The price changes in the domestic sector were due to increases in intermediate goods (3.12%) and consumer goods (0.35%). The energy and capital goods sectors saw no price changes.

A year-on-year rise of 6.15% within the non-euro area and 1.96% within the euro area were the main drivers for the increase in the non-domestic prices.

The producer price index for total industry, however, only registered a slight decrease of 0.23% as compared to the preceding month. A price drop of 0.47% within intermediate goods — accompanied by no price changes in the energy, capital and consumer goods sectors — were the factors chiefly contributing to the slowing month-on-month rate.

Prices within the domestic market rose by 0.14%, due to a rise of 0.64% in the intermediate goods sector, while non-domestic prices declined by 0.46%, as compared to January.

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