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Wednesday, December 7, 2022

Manufacturing Industries: Price Index Up 0.3% in July – HCP

The producer price index of the “Manufacturing industries excluding oil refining” sector posted a rise of 0.3% in July 2022 compared to the previous month, according to the High Commission for Planning (HCP).

This increase is explained by the rise in prices of the “Automotive industry” (1.3%), “Paper and cardboard industry” (4.2%), “Manufacture of electrical equipment” (0.8%), “Food industry”, “Chemical industry” and “Manufacture of rubber and plastic products”, said the HCP in its recent information note on the index of producer prices in industry, energy and mining (IPPIEM).

It is also explained by the increase of prices in the “Textile Industry” (0.9%), “Woodworking” (0.6%), “Manufacture of furniture” (0.4%) and “Manufacture of machinery and equipment”, as well as the decrease of prices recorded in “Metallurgy” (0.8%) and  of “Clothing industry” (0.2%),  added the same source.

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