PRESS RELEASE. Industrial Production Price Index

Transcription

1 ROMANIA Press Office 16 Libertăţii Avenue, Sector 5, Bucharest Tel/Fax: ; Fax: PRESS RELEASE No. 48 of March 4, 2013 Industrial Production Price Index The evolution of industrial production prices was influenced by the increase in domestic market prices. In January 2013, industrial production prices in Romania increased by 1.0% compared to December The increase in industrial production prices on the domestic market was greater by 0.9 percentage points than the one estimated for the overall industry. On the non-domestic market, industrial production prices were down 0.7%. In January 2013, industrial production prices rose by 5.7% compared to January 2012, 1 percentage point below their increase on the domestic market and 1.9 percentage points above their evolution on the non-domestic market. Annual Industrial Production Price Index for the total, domestic market and non-domestic market (%) Total Domestic market Non-domestic market Jan-13 Sep-12 May-12 Jan-12 Sep-11 May-11 Jan-11 Sep-10 May-10 Jan-10 Sep-09 May-09 Jan-09 Sep-08 May-08 Jan-08 Sep-07 May-07 Jan-07 Sep-06 May-06 Jan-06

2 Monthly comparison The prices of energy products were decisive for the monthly evolution of industrial production prices. In January 2013, industrial production prices significantly increased in the energy products group (+4.9%). The prices for non-durable consumer goods were up 0.4%. Price decreases were recorded for the other main industrial groups, with the most important decreases reported for capital goods prices (-0.9%), followed by intermediate goods prices (-0.6%). Annual comparison The annual prices for non-durable consumer goods and those for energy products: above the 5.6% level estimated for the total industry In January 2013, industrial production prices significantly increased in the non-durable consumer goods group (+8.7%) and the energy products group (+7.8%). Price increases below the average level estimated for the total industry were recorded for the other main industrial groups. Thus, the prices for durable consumer goods rose by 4.6%, and the prices for capital goods and intermediate goods were up 3.2% and 3.3%, respectively. Methodological summary The Industrial Production Price Index (IPPI) is based on a monthly survey and measures the evolution of the prices used by the producers of industrial products in Romania. Alongside the Consumer Price Index, the Index of Agricultural Products and the Indices of Production Prices for Services, the IPPI is a key indicator for measuring inflation and for determining the GDP deflator in Romania. As of January 2013, the data on the IPPI will be published using the base year The updating of the base year was necessary in order to reflect the changes that occurred in the economy, specifically in the structure of industrial production. Weights used for the calculation of the IPPI, by CANE Rev. 2 sections, base year 2005 Weights used for the calculation of the IPPI, by CANE Rev. 2 sections, base year 2010 Section D 16.7% Section E 0.9% Section B 4.5% Section D 17.2% Section E 0.8% Section B 3.5% Section C 77.9% Section C 78.5%

3 Note: The data for January 2013 are provisional. You can find more information in the following statistical publication: Prices Statistical Bulletin Issue number 1/2013. International comparisons: The Eurostat press release containing comparative data at the level of the EU and the Member States, including Romania, on the Industrial Production Price Index for the domestic market ( comes out on Monday, March 4, The next press release will be issued on

4 Industrial Production Price Index for the total, domestic market and non-domestic market (2010=100) Percentage change: monthly 1 annual 2 Total Domestic market Non-domestic market Industrial Production Price Index by main industrial groups (2010=100) Percentage change monthly 1 annual 2 Total Intermediate goods industry Capital goods industry Durable consumer goods industry Non-durable consumer goods industry Energy industry The monthly percentage change is the rate of increase in the prices of the current month compared to the previous month. 2 The annual percentage change is the rate of increase in the prices of the current month compared to the same month of the previous year.

5 Industrial Production Price Indices by CANE Rev. 2 divisions (2010=100) Percentage change: monthly annual Total Mining of coal and lignite Extraction of crude petroleum and natural gas Mining of metal ores 3 c c c c c c c c c c Other mining and quarrying Mining support service activities Manufacture of food products Manufacture of beverages Manufacture of tobacco products Manufacture of textiles Manufacture of wearing apparel Manufacture of leather and related products Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials Manufacture of paper and paper products Printing and reproduction of recorded media Manufacture of coke and refined petroleum products Manufacture of chemicals and chemical products Manufacture of basic pharmaceutical products and pharmaceutical preparations Manufacture of rubber and plastic products Manufacture of other nonmetallic mineral products c - confidential data

6 Industrial Production Price Indices by CANE Rev. 2 divisions (2010=100) - continued Percentage change: monthly annual Manufacture of basic metals Manufacture of fabricated metal products, except machinery and equipment Manufacture of computer, electronic and optical products Manufacture of electrical equipment Manufacture of machinery and equipment not elsewhere classified Manufacture of motor vehicles, trailers and semi-trailers Manufacture of other transport equipment Manufacture of furniture Other manufacturing Repair and installation of machinery and equipment Electricity, gas, steam and air conditioning supply Water collection, treatment and supply