Industrial producer price index down in Q2 2023
In the third quarter of 2023, industrial producer prices fell by 7.5% compared to the third quarter of 2022. This decline was mainly driven by mining and quarrying (-22.6%), metallurgy and metal products (-5.4%), mineral materials manufacturing (-2.0%) and agri-food industries (-4.4%). Compared to the 2nd quarter of 2023, the IPPI recorded a decrease of 1.9%. This decline is a sign of a gradual return of industrial producer prices to their pre-Russia-Ukraine crisis level, marked mainly by disruptions in global supply chains.
