ROMANIA Press Office 16 Libertăţii Avenue, Sector 5, Bucharest Tel/Fax: 318 18 69; Fax: 312 48 75 e-mail: romstat@insse.ro; biroupresa@insse.ro 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 2012. 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 125.00 120.00 115.00 110.00 105.00 100.00 95.00 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
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 2010. 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%
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 (http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home/) comes out on Monday, March 4, 2013. The next press release will be issued on 02.04.2013.
Industrial Production Price Index for the total, domestic market and non-domestic market (2010=100) Percentage change: monthly 1 annual 2 Total 114.12 114.71 115.48 115.02 114.84 116.01-0.2 1.0 4.8 5.7 Domestic market 112.88 113.62 114.32 114.08 114.03 116.16 0.0 1.9 4.8 6.6 Non-domestic market 116.59 116.88 117.80 116.89 116.46 115.70-0.4-0.7 4.9 3.7 Industrial Production Price Index by main industrial groups (2010=100) Percentage change monthly 1 annual 2 Total 114.12 114.71 115.48 115.02 114.84 116.01-0.2 1.0 4.8 5.7 Intermediate goods industry 115.00 115.22 115.40 115.08 114.88 114.14-0.2-0.6 4.2 3.3 Capital goods industry 109.08 109.79 111.12 111.32 111.09 110.15-0.2-0.9 3.7 3.2 Durable consumer goods industry 108.13 108.20 108.81 109.04 109.42 109.27 0.4-0.1 4.2 4.6 Non-durable consumer goods industry 115.63 117.46 118.49 118.97 119.23 119.72 0.2 0.4 8.3 8.7 Energy industry 116.91 116.93 117.69 115.59 115.10 120.79-0.4 4.9 3.7 7.8 1 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.
Industrial Production Price Indices by CANE Rev. 2 divisions (2010=100) Percentage change: monthly annual Total 114.12 114.71 115.48 115.02 114.84 116.01-0.2 1.0 4.8 5.7 Mining of coal and lignite 114.59 113.08 112.28 112.28 112.94 115.00 0.6 1.8 8.8 9.2 Extraction of crude petroleum and natural gas 107.47 106.34 106.13 106.51 105.50 106.20-1.0 0.7 3.1 2.6 Mining of metal ores 3 c c c c c c c c c c Other mining and quarrying 106.16 106.72 108.01 107.90 108.14 108.46 0.2 0.3 3.4 2.4 Mining support service activities 120.36 118.61 117.44 115.57 111.31 111.77-3.7 0.4-10.4-7.0 Manufacture of food products 121.37 125.01 126.45 126.67 126.84 126.99 0.1 0.1 11.4 12.5 Manufacture of beverages 108.52 108.78 109.48 109.68 109.93 111.71 0.2 1.6 4.1 5.6 Manufacture of tobacco products 104.25 104.25 104.25 104.13 104.13 107.77 0.0 3.5 3.0 4.5 Manufacture of textiles 116.76 117.72 118.16 118.56 119.62 119.49 0.9-0.1 8.0 6.7 Manufacture of wearing apparel 116.15 116.78 117.21 117.91 118.42 119.02 0.4 0.5 7.7 7.9 Manufacture of leather and related products 117.75 119.30 119.76 120.00 119.57 119.14-0.4-0.4 5.8 5.1 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials 112.41 113.07 113.81 113.67 113.80 113.94 0.1 0.1 5.0 4.5 Manufacture of paper and paper products 121.24 121.11 122.06 121.99 121.90 121.37-0.1-0.4 4.4 3.1 Printing and reproduction of recorded media 124.67 126.22 127.95 127.67 127.07 126.39-0.5-0.5 9.7 8.2 Manufacture of coke and refined petroleum products 149.84 150.15 151.82 141.19 139.65 138.40-1.1-0.9 7.7 2.7 Manufacture of chemicals and chemical products 121.96 121.13 121.81 122.15 123.11 122.23 0.8-0.7 7.7 6.0 Manufacture of basic pharmaceutical products and pharmaceutical preparations 111.08 111.26 111.47 111.51 111.42 112.24-0.1 0.7 5.8 6.2 Manufacture of rubber and plastic products 114.52 114.65 115.28 115.59 115.69 115.11 0.1-0.5 6.9 5.5 Manufacture of other nonmetallic mineral products 103.02 103.21 103.45 103.14 103.54 103.45 0.4-0.1 4.3 3.1 3 c - confidential data
Industrial Production Price Indices by CANE Rev. 2 divisions (2010=100) - continued Percentage change: monthly annual Manufacture of basic metals 117.25 116.14 115.18 114.94 113.61 111.36-1.2-2.0 0.8-1.2 Manufacture of fabricated metal products, except machinery and equipment 110.79 111.35 111.93 111.72 111.85 110.52 0.1-1.2 3.1 2.9 Manufacture of computer, electronic and optical products 109.87 110.24 112.04 113.98 112.19 111.88-1.6-0.3 1.5 4.1 Manufacture of electrical equipment 109.16 109.50 109.83 109.55 109.79 110.56 0.2 0.7 1.5 2.6 Manufacture of machinery and equipment not elsewhere classified 108.58 108.29 109.27 108.39 108.21 108.37-0.2 0.2 5.4 3.8 Manufacture of motor vehicles, trailers and semi-trailers 109.50 110.66 112.12 112.02 112.11 110.76 0.1-1.2 4.2 2.7 Manufacture of other transport equipment 111.46 111.66 112.12 112.07 112.32 112.19 0.2-0.1 6.5 6.4 Manufacture of furniture 105.14 105.10 106.09 106.26 106.43 106.23 0.2-0.2 3.4 3.5 Other manufacturing 111.45 111.32 111.50 111.80 111.87 113.44 0.1 1.4 4.0 5.7 Repair and installation of machinery and equipment 105.57 105.88 106.42 106.67 106.31 106.07-0.3-0.2 1.1 0.8 Electricity, gas, steam and air conditioning supply 107.16 107.16 107.82 107.85 107.69 116.24-0.2 7.9 2.0 10.5 Water collection, treatment and supply 138.51 140.51 140.52 140.52 140.55 142.54 0.0 1.4 6.5 4.6