Industrial producer prices fall in the first quarter of 2023
In the first quarter of 2023, industrial producer prices fell
by 1.2% compared to the same quarter of the previous year (year-on-year).
Compared to 2022, which was marked by the Russia-Ukraine crisis and the disruption
of supply chains, there is a gradual return to producer prices in the
drop. This trend is mainly driven by the extractive industries that have experienced a fall of 8.6%. In addition, the mineral manufacturing industries, including the
cement, recorded a decline of 1.3%, while the manufacture of metal products
, particularly iron, posted a contraction of 2.2%.
On the other hand, the production prices of the agri-food industries increased by 2.1% and
those of the chemical and pharmaceutical industries increased significantly by 8.1%.
Compared to the fourth quarter of 2022, there was a quarterly decrease of 1% in prices in the
first quarter of 2023.