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The prices of industrial production slowed down to 8.8% in February, according to the INE

Industrial producer prices maintained the slowdown trend, going from year-on-year growth of 10.4% in January to an increase of 8.8% in February, the National Institute of Statistics (INE) announced on Thursday.

The interannual increase in the industrial producer price index “was 8.8% in February, a rate 1.6 percentage points (pp) lower than that observed in the previous month”, prolonging the deceleration of industrial prices, after the maximum of 25.5% registered in June 2022, highlights the INE.

In the case of excluding the grouping of energies, industrial producer prices increased by 10.5%, compared to a rise of 12.2% in the previous month, says the INE.

According to the INE, the grouping of intermediate goods was the one that “slowed down the most”, going from an increase of 11.8% in January to 9.2% in February, contributing less than 1.0 percentage points (pp) to the deceleration of the total index.

As for the group of consumer goods, with a year-on-year increase of 14.7% in February (16% in January), it made the “most intense” contribution (4.2 percentage points) to the growth rate observed in the index added .

The grouping of energy, for its part, presented an interannual increase of 3.3%, compared to 4.1% in the previous month.

Without this grouping, the rise in the global index was 10.5%, compared to the rise of 12.2% in January of this year.

In monthly terms, the industrial producer price index increased 1.2% in February (2.7% in the same period of 2022), maintaining the “strong influence” of the energy group, whose increase was 6.6% (7 .4% in the same period of 2022). period of 2022), originating a contribution of 1.4 percentage points (pp) to the growth of the total index, indicates the INE.

Source: Observadora

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