Industrial prices decreased by 8.4% in July Compared to the same month of 2022, this rate is four-tenths lower than the rate recorded in June. cheaper electric power and decrease in production prices gas Compared to what was recorded a year ago, as reported this Friday by the National Institute of Statistics (INE).
Inflation in industrial sector chains with annual decline in July negative interest for five months After March, it ended a 26-month consecutive increase period that had recorded positive double-digit rates for more than 20 months.
The decline in industrial prices in July, energy dropIts rate fell four-tenths to -26.2 percent, driven by reduced growth in gas production and a decline in electricity generation, transport and distribution. On the other hand, refined oil prices increased in July this year compared to the decline they experienced in the same month of 2022.
In July, the decline in industrial inflation also Intermediate goods affectedChemical products dropped their inter-year rate by almost half a percentage point to -5.7% due to lower manufacturing costs, and capital goods fell by four-tenths to 2.6% due to cheaper manufacturing of engines. Vehicles.
On a monthly basis (July to June), industrial prices increased by 0.1%; this was eight-tenths less than in the previous month, when the 0.9% recovery took place.
Energy has been the engine of this monthly recovery Industrial prices rose 0.9% due to the higher cost of oil refining and gas production.