Industrial producer prices rise in Q4 2022
In the fourth quarter of 2022, industrial producer prices rose by 8.4% compared to in the fourth quarter of 2021. Perceived as a leading indicator of inflation, the high level of shows that final consumer prices will remain high for the rest of the year. months to come. Although still high, industrial price inflation is slowing down from a 16% and 13.6% respectively in the first and second quarters of 2022 year-on-year. This trend was mainly driven by the mining and quarrying industries (15.0%), the agri-food industries (10.2%), mineral materials manufacturing industries, including cement (6.4%) and paper, paperboard, and printing (13.8%). Compared to the 3rd quarter of 2022, there was a 2% quarter-on-quarter decrease in prices.