is he fifth consecutive month that the inter-year rate of export prices of industrial products, which reached record growth in 16 years in the previous months, is moderate. November was the least progress of this indicator since July 2021.
for their own part, prices import of industrial products increased by 15.7% in November Compared to the same month in 2021, the rate is 3.6 points lower than the previous month.
Prices with November 2022 figures export chain increased for 23 consecutive months from year to yearthose of imports add positive rates of up to 21 months.
Energy moderate helps
Annual growth in November decreased compared to October. lowering the prices of intermediate goods and energy rose 9.8%, compared with the rise in durable goods, which increased their inter-year rate by more than two percentage points, as home appliance manufacturing prices rose more than expected this month. November of the previous year.
On the contrary, energy reduced its annual rate by almost eight percentage points to 7.5%As a result of the increase in electrical energy production, transportation and distribution in the same month of the previous year and the decrease in oil refinery prices to a lesser extent;
Intermediate goods, on the other hand, dropped the inter-year rate by more than two percentage points to 12.2%, driven by lower prices in the manufacture of primary chemical products, nitrogen compounds, fertilizers, plastics and synthetic rubber. , steel and ferroalloy products.
The annual rate of the overall index of exports excluding energy fell by more than one point in November to 9.9%, the lowest level since December 2021, to 9.1%.
import prices
The moderation in the annual increase in import prices was mainly driven by energy, which reduced its annual rate by more than 10 percentage points. up to 39% due to cheaper extraction of crude oil and natural gas and coke ovens and oil refineryIntermediate goods, on the other hand, decreased by 2.5 points between the years due to the decrease in prices in the chemical industry, to 13.1%.
The rate of non-durable consumer goods, on the other hand, stands at 8.7%, over two points compared to the previous month, due to the fall in food industry prices while rising in the same month of the year. last year
In November, import prices of energy-discounted industrial products increased by 10.7% yoy, increasing one and a half points less than in October.