Producer prices soften, imports slow down the decline/ Energy continues to be the key factor in increasing production costs
According to data published by INSTAT, two main indicators, the Producer Price Index and the Import Price Index, have fluctuated in opposite directions. While producers face the continuous increase in production costs, importers have experienced a decrease in prices. Specifically, the Producer Price Index has marked an increase of 0.4% in the first quarter of the current year, compared to the same period last year. Meanwhile, the Import Price Index marked a decrease of 0.4%.
If we analyze this change with the same period last year, we see that production prices have softened, while import prices have slowed their decline.
“Scan Intel” has analyzed the figures to understand how the growth varies and what are the items that cause it in terms of production prices. Compared to the first quarter of 2024, the highest annual growth was recorded in the section "Electricity, gas, steam and air conditioning" with 1.0%, followed by the sections "Extractive industry" 0.7% and "Water supply, waste treatment and management activities, waste" 0.5%. The manufacturing industry recorded an increase of only 0.03%, with significant increases in furniture, pharmaceuticals and transport vehicles.
But, on the other hand, how do import prices appear categorized by section? During the first quarter of 2025, import prices of products in the section “Electricity, gas, steam and air conditioning” decreased by 5.5%, followed by the sections “Water supply, waste treatment and management activities” by 1.2% and “Manufacturing industry” by 0.1%. Within the “Manufacturing industry” section, the largest price decrease is observed in products of the activities “Manufacturing of clothing” by 2.1%, followed by “Metallurgy” by 1.4%, etc. On the other hand, “Extractive industry” marked an increase of 0.6%.
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