Financial News: Cyprus Producer Prices Continue To Fall

Cyprus Producer Prices Continue To Fall

12/31/2024 - 11:27:00 (RTTNews)

(RTTNews) - Industrial producer prices in Cyprus decreased at a faster pace in November, preliminary figures from the statistical office showed Tuesday. The index of industrial output prices fell 1.6 percent year-on-year following a revised 0.6 percent decline in October. The latest drop was the most severe since April.

Prices on the local market continued to lead the overall decline in output prices. Local market output prices fell 2.0 percent in November. Those on the export market increased 0.6 percent.

<a href=https://www.rttnews.com/3499845/cyprus-industrial-output-grows-2-0-in-october.aspx target=_blank >Cyprus Industrial Output Grows 2.0% In October</a> <a href=https://www.rttnews.com/3498161/cyprus-hicp-inflation-accelerates-in-november.aspx target=_blank >Cyprus HICP Inflation Accelerates In November</a>

Among the industrial sectors, manufacturing registered an increase of 1.0 percent in output prices.

Water supply and materials recovery logged a 0.7 percent gain and mining and quarrying reported a 0.6 percent increased. Prices in the electricity supply sector slumped 11,7 percent.

Prices decreased 1.1 percent from October.

During the January to November period, the industrial output prices shrunk 2.0 percent from a year ago.

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