June Industrial Prices Register a Noticeable Rise Across Sectors
Industrial prices increased by 1.9 percent in June compared with May and rose by 43.2 percent on an annual basis, according to the latest release from the National Institute of Statistics. This month’s pace represents a four-tenths point deceleration from the year-over-year growth observed in May, signaling a subtle easing in the rate of price acceleration while still keeping inflation at a high level. The report emphasizes that the June figures reflect a sustained upward trend that remains well above pre-pandemic levels and underscores the ongoing pressure in the industrial price framework that policymakers and market participants track closely.
On an annual basis, the June readings pushed industrial prices into positive territory for eighteen straight months. This continued positive streak highlights the entrenched nature of price movements within the industrial sector, even as the annual pace moderates slightly compared with the previous month. The data illustrate how price dynamics have evolved over an extended period, with the carryover effects from past energy costs and input prices continuing to shape the overall trajectory for industry as a whole.
Among the sectors contributing to the June uptick, energy stands out as a dominant factor. It is noted that energy-related prices registered a substantial annual change, although the rate eased by more than two percentage points to 111.6 percent. This moderation in the annual energy growth rate follows a period of elevated price pressures linked to higher electricity generation, increased transportation costs, and distribution expenses that were observed in the same month in the previous year. This pattern reflects how energy markets continue to influence broader industrial price movements, underscoring the sensitivity of manufacturing and related activities to electricity and energy costs as input components.
Excluding energy, the industrial price index for June shows a clear annual increase of 15.2 percent, which marks a notable outperformance relative to the overall rate by about one-tenth of a point and sits roughly 28 percentage points below the total industrial inflation for the month. This divergence indicates that while energy remains the main driver pushing up the general index, other components of the industrial sector contributed to price rises at a slower, but still meaningful, pace. The underlying trend implies that non-energy inputs, including intermediate goods and basic materials, continue to experience price movements that reinforce the broader inflation picture without eclipsing the energy-driven forces in the headline index.