Malta: Consumer goods lift Producer Price Index in April

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Industrial producer prices for consumer goods increased by 0.55 percent from March to April, driving the Producer Price Index up 0.17 percent. Data by the National Statistics Office reports an increase of 0.59 percent in non-durable consumer products, the second-highest rise this year after a surge of 1.35 percent in January.

Prices for intermediate products also rose marginally by 0.01 percent but no change in prices was recorded in capital goods, durable consumer goods, and energy from the previous month. Prices within the domestic market grew by 0.42 percent while those within the non-domestic market increased by 0.01 percent.

Compared with April last year, the industrial producer price index soared by 0.60 percent. A rise of 1.89 percent in consumer prices and of 1.33 percent in capital goods contributed to the difference, but the increase was softened by a drop of 0.34 percent in the prices of intermediate goods.

Prices within the domestic market went up by 1.32 percent year-on-year, propelled by consumer goods (+5.24) and capital goods (+0.18) although mitigated by a 1.20 dip in intermediate goods. With regards to the non-domestic market, prices registered a rise of 1.02 within the euro area but a decrease of 0.28 in the non-euro area.

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