Bulgaria's Producer Price Index Up 4.6% in Feb 2012 Y/Y

In February 2012, the Total Producer Price Index in Industry in Bulgaria increased by 1.3%, compared to the previous month. File photo

The Producer Price Index on Domestic Market in Bulgaria in February 2012 increased by 0.4% compared to the previous month.

The data was released Friday by the National Statistics Institute, NSI.

Domestic prices rose in the mining and quarrying industry by 2.5%, in the manufacturing by 0.2% and in the electricity, gas, steam and air conditioning supply by 0.5%.

In the manufacturing, the more significant prices increases compared to the previous month were seen in the manufacture of textiles by 2.7%, in the manufacture of basic metals by 1.5%, and in the manufacture of motor vehicles, trailers and semi-trailers 1.4%.

The Producer Price Index on Domestic Market in February 2012 grew by 4.6% compared to the same month of 2011.

The domestic prices increased in the manufacturing by 5.0% and in the electricity, gas, steam and air conditioning supply by 5.7%, while in the mining and quarrying industry the prices went down by 3.5%.

In the manufacturing compared to the same month of 2011, the price increase was registered in the manufacture of chemical and chemical products by 9.3%, in the repair and installation of machinery and equipment by 6.9%, in the manufacture textiles by 4.8%.

Prices reductions were seen in the manufacture of basic metals by 2.9% and in the manufacture of other non-metallic mineral products by 2.2%.

The Total Producer Price Index in Industry in February 2012 increased by 0.5% compared to the previous month.

The higher prices were registered in the mining and quarrying industry by 4.5%, in the manufacturing by 0.3% and in the electricity, gas, steam and air conditioning supply by 0.4%.

In the manufacturing, more significant prices increases were seen in the manufacture of textiles by 4.6% and in the manufacture of beverages by 0.9%.

The Total Producer Price Index in February 2012 grew by 3.6% comparing to the same month of 2011.

In the manufacturing, the prices rose by 3.3% as compared to February 2011. More significant prices increases were seen in the manufacture of textiles by 6.8%, in the manufacture of chemicals and chemical products and in the repair and installation of machinery and equipment by 6.2%, while the producer prices went down in the manufacture of basic metals by 7.2% and in the manufacture of other non-metallic mineral products by 0.9%.

Producer Price Indices measure the average change in the prices of industrial products, which are produced and sold by Bulgarian enterprises. They can be considered as an early measure of the current inflation process in the economy and also they can be used for international comparisons. Information for calculation of Producer Price Indices is received on the bases of monthly surveys on producer prices of industrial products, sold on domestic market and on industrial products sold on nondomestic market. Producer price surveys are based on constant sample of groups of products, and that sample is representative for total industrial production

The Total Producer Price Index is calculated from Producer Price Index on Domestic Market and Producer Price Index on Nondomestic Market weighted with the turnover structure on domestic and on non-domestic market to the total value of turnover in the base year 2005.

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