The Index of Production Prices increased in the third quarter of the year

In the third quarter of 2014, the annual change of the Production Prices Index is at 0.3% level, cites the report of Albanian Institute of Statistics. During this time, prices of water supply, training and managing wastes had the highest increase by 3.1%, while prices in the processing industry sector increased by 1.9%, a slight increase that marked an annual decrease of 0.1% comparing it to figures of a year before.

Compared to the third trimester of the previous year, the prices of products for exports production, increased by 1.0% while the prices of domestic products production increased slightly by 0.2%.  The Index of Production Prices for processing industry products marked a decreased by 0.3%, respectively by 6.7% for “production of tobacco products” activity and by 2.1% for “production of non metallic mining products”.

An increase of prices has been also reported on “production of letter and its products” by 2.4%, “the refinement of textiles” prices increased by 1.4% and the production of electrical equipment price increased by 1.9%. The Index of Production Prices for domestic products reached a percentage of 102.5%, a lower percentage than figures of the same period of a year before. This has been affected by the decrease of production prices of processing industry by 0.3%.

Meanwhile, the Index of Exports Prices increased to 10.4.2%, by marking an increase of 0.3% compared to the previous third quarter.

News source/photo credits: ATA (Agim Dobi)